Waiver of Resale Levy for Senior Citizen Applicants Aged 55 and Above for 2-room Flexi Flats
- Gan Thiam Poh proposed waiving the resale levy for senior citizens aged 55 and above purchasing 2-room flexi flats.
- Lawrence Wong explained that the resale levy ensures fair allocation of housing subsidies, as first-time buyers receive greater subsidies than repeat buyers.
- He noted existing measures to assist seniors, such as waiving accrued interest on the percentage resale levy and capping the levy for short-lease 2-room flexi flats.
- The government will continue reviewing policies to balance fairness and support for seniors in public housing.