The government will improve the Staggered Downpayment Scheme for young couples purchasing their first HDB flat. They will now only be required to pay 2.5% of the flat price as downpayment, regardless of whether they opt for an HDB housing loan or a loan from a financial institution. Minister for National Development Desmond Lee was speaking in Parliament on 5 March 2024.➡️ Subscribe to the Gov.sg YouTube channel for more updates: https://go.gov.sg/subscribe-govsg-yt-➡️ Gov.sg is the official online communication platform of the Singapore Government, providing you with the latest policy updates, information and news.➡️ Find us on our:OFFICIAL WEBSITEhttps://www.gov.sg/FACEBOOK https://go.gov.sg/govsg-channel-fbINSTAGRAMhttps://go.gov.sg/govsg-channel-igLINKEDINhttps://go.gov.sg/govsg-channel-liTIKTOK https://go.gov.sg/govsg-channel-ttTWITTERhttps://go.gov.sg/govsg-channel-tw-➡️ Want updates on the latest COVID-19 news from the Government? Subscribe to our Telegram and Whatsapp channels: https://go.gov.sg/govsg-channel-tghttps://go.gov.sg/govsg-channel-wa