“This ensures that the package continues to offset additional GST expenses for the majority of Singaporean households for at least five years, with around 10 years offset for lower-income households,” said Deputy Prime Minister Lawrence Wong.
Around 45% of HDB flat owners who own at least one private residential property are not living in their flats and have rented out their whole unit, said Minister for National Development Desmond Lee.
There are many reasons people rack up serious debt, from illness to overspending, but the problem transcends education and income level, says an expert.
