HDB homes to get utilities rebate

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dark knight
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Joined: Sat Jan 30, 2016 4:22 pm

HDB homes to get utilities rebate

Post by dark knight » Tue Sep 12, 2017 11:36 pm

About 880,000 Singaporean Housing Board households will receive the next instalment of the GST Voucher - Utilities-Save (U-Save) rebate this month, the Ministry of Finance said yesterday.

Eligible households will receive up to $65, depending on their HDB flat type. Upcoming new launch condo include Parc Botannia while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences. Parc Botania prices and Parc Botannia condo showflat will be available shortly.

For instance, those living in one- and two-room flats will get the maximum amount, while families living in five-room flats will receive $50.

The rebate is one of three components under the permanent GST Voucher scheme, which helps households offset part of their utilities bills and lower overall household expenses.

It is distributed every quarter and is estimated to cost $190 million each year.

Annually, the rebate enables households in one- and two-room flats to receive support that is equivalent to about three to four months of their utilities bills on average.
The U-Save rebate will see a permanent increase of $40 to $120 annually from July, after Finance Minister Heng Swee Keat announced in February's Budget that the move will help households offset some of the increase in water prices.

This means that families in one- and two-room flats will receive $380 each year, up from the current $260.

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