PM Lawrence Wong’s Key Highlights on Singapore Housing: What You Should Know
In an important move to meet the changing housing needs of Singaporeans, Prime Minister Lawrence Wong announced new housing policies during the National Day Rally in 2024. These changes aim to help singles and first-time homebuyers, improve housing for seniors, and make homes more affordable. The government wants to ensure that every Singaporean has a safe, affordable, and welcoming place to live.
More Help for Singles and First-Time Homebuyers
Prime Minister Lawrence Wong shared new plans to help singles and first-time homebuyers. Starting in mid-2025, singles will have priority access to Build-To-Order (BTO) flats near their parents. This expands their current choice beyond just two-room Flexi flats. The Enhanced CPF Housing Grant (EHG) has also been increased to give more financial help to first-time buyers, especially those with lower incomes.
Better Housing for Seniors and Community Living
Increasing Housing Supply and Keeping Prices Affordable
Market Changes and New Rules
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