Do you own your 99-year leasehold HDB flat?

Do you own your 99-year leasehold HDB flat?

Some have tried to argue that you do not own your HDB flat because it is on leasehold. You are merely renting it permanently, they claimed. This argument does not hold water at all. The basic rule of law is that you cannot sell something that does not belong to you. It would be illegal […]

Home ownership is not superior to home renting: WP MP Louis Chua

Homeownership is not superior to home renting: WP MP Louis Chua

MP Louis Chua of the Workers’ Party said that one of the biggest misconceptions is that home ownership is superior to home renting. In his adjournment motion on 2 November 2021, Mr Chua pushed for a greater diversity of housing options. The key problem, he said, is the “severe shortage” of Housing Board (HDB) rental […]

Almost $17 billion in interest credited to members’ CPF accounts in 2020

Almost $17 billion in interest credited to members' CPF accounts in 2020

Last year, a total of $16.9 billion in interest earned was credited to members’ CPF accounts. The upward trend to voluntarily top-up CPF accounts continues Since people discovered that CPF is a great way to build up their retirement funds through its attractive interest rates, there has been nan upward trend to top-up CPF accounts. […]

$500 million Enhanced CPF Housing Grant disbursed to 15,600 first-time buyers

Enhanced CPF Housing Grant

With the Enhanced CPF Housing Grant, Family Grant and Proximity Housing Grant, who says housing is unaffordable? The Enhanced Housing Grant was introduced in September 2019. Since then 15,600 first-time buyers of new and resale flats have received the Enhanced Housing Grant (EHG), with close to $500 million disbursed, National Development Minister Desmond Lee said. […]

Grow your CPF with Matched Retirement Savings Scheme; 440,000 members qualify

Matched Retirement Savings

Matched Retirement Savings Scheme (MRSS) Good news! The Government has introduced the Matched Retirement Savings Scheme (MRSS) to help senior Singaporeans who have yet to meet the Basic Retirement Sum (BRS) save more for retirement. Here’s how it works. For five years, from 2021 to 2025, the Government will match dollar-for-dollar cash top-ups made to […]

Award-winning Punggol 21: a promise delivered brick by brick, step by step

Punggol 21 - Punggol Waterway

Stroll along Punggol estate and you will come across My Waterway@Punggol – a waterway created for a more refreshing living environment for HDB residents. The 4.2km-long Punggol Waterway is now one of the most recognisable landmarks in Punggol. A joint project between HDB and NParks, the waterway acts as a major air corridor and encourages […]