More Than 780,000 HDB Households To Receive $125 Million Of Utility Rebates In 2009
29 Dec 20081. More than 780,000 eligible HDB households will receive $125 million worth of Utilities-Save (U-Save) rebates in 2009. The rebates will be given out in January and July 2009.
2. Households will receive between $70 and $210 worth of U-Save rebates, depending on flat type. The 2009 schedule of U-Save rebates is shown below:
Schedule of U-Save rebates for 2009:
|
CY2009 |
HDB flat type |
|||||
|
1-Room |
2-Room |
3-Room |
4-Room |
5-Room |
Executive Flats |
|
|
U-Save Rebates |
$110 (Jan 09) |
$110 (Jan 09) |
$100 (Jan 09) |
$95 (Jan 09) |
$60 (Jan 09) |
$40 (Jan 09) |
|
$100 (Jul 09) |
$100 (Jul 09) |
$90 (Jul 09) |
$85 (Jul 09) |
$50 (Jul 09) |
$30 (Jul 09) |
|
|
Total |
$210 |
$210 |
$190 |
$180 |
$110 |
$70 |
Note: The full disbursement schedule for the five year package can be found in Annex A (
53 KB).
3. The U-Save rebates are part of the $4 billion GST Offset Package announced in Budget 2007 to help Singaporeans, especially low and middle-income households, cope with the GST increase in July 2007.
4. The U-Save rebates will cost the Government approximately $620 million[1] over 5 years (FY2007-FY2011).
5. U-Save rebates will be used to offset utility charges directly. The amount of U-Save rebates will be reflected in the utility bills for January and July 2009 for all eligible households. For more information on U-Save rebates, the public can call SP Services at 1800-2222-333.
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[1]Afternote: As announced by the Prime Minister on 17 August 2008, eligible households received an additional U-Save rebate payout in November 2008, which represents a 50% increase in the total amount of U-Save rebates given out in Fiscal Year (FY) 2008. This will raise the cost of the U-Save to approximately $620m over five years.
MINISTRY OF FINANCE