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More than 770,000 HDB Households to Receive $63 Million of S&CC and Rental Rebates In FY2008
23 May 2008
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More than 770,000 HDB households will receive $63 million worth of Service and Conservancy Charges (S&CC) rebates and rental rebates over Fiscal Year (FY) 2008.
2. All eligible households will receive S&CC rebates, of which 3 and 4-room households will receive 2 months worth of S&CC rebates. Amongst low-income rental households, eligible 1-room households will get 4 months of S&CC rebates as well 3 months of rental rebates in total.
3. The FY2008 schedule of S&CC and rental rebates is shown below:
Schedule of S&CC and rental rebates for FY2008 (in months):
FY2008 | S&CC Rebates | Rental Rebates | ||||||
|---|---|---|---|---|---|---|---|---|
1-R | 2-R | 3-R | 4-R | 5-R | Exec | 1-R | 2-R | |
Jun 08 | 1 | 1 | 0.5 | 0.5 | 0.5 | 0.5 | 1 | 0.5 |
Sep 08 | 1 | 1 | 0.5 | 0.5 | - | - | 1 | 0.5 |
Dec 09 | 1 | 0.5 | 0.5 | 0.5 | 0.5 | - | 0.5 | 0.5 |
Mar 09 | 1 | 0.5 | 0.5 | 0.5 | - | - | 0.5 | 0.5 |
Total | 4 | 3 | 2 | 2 | 1 | 0.5 | 3 | 2 |
Note: The full disbursement schedule for the five year package (FY2007-2011) can be found in Annex A.
4. These rebates are part of the $4 billion GST Offset Package announced in 2007 to help Singaporeans, especially low and middle-income households, cope with the GST increase in July 2007. The rebates will cost the Government $250 million over 5 years (FY2007-FY2011).
5. HDB will send notification letters to all eligible households by end May 2008 to inform them of the amount of S&CC and rental rebates they would be receiving.
MINISTRY OF FINANCE