Water prices will go up by 30 per cent in two phases, starting from July 1.Read more here.
Three in four HDB households will pay less than $12 more a month, taking into account additional U-Save rebates, once the new prices are fully phased in on July 1 next year. For most businesses, the increase in their monthly water bills will be less than $25.
Couples who want to buy a resale flat will get more money from the Government to do so. Those who buy a four-room or smaller resale flat will get a Central Provident Fund housing grant of $50,000, up from $30,000 previously. The grant will be raised from $30,000 to $40,000 for couples buying a five-room or bigger resale flat.Read more here.
Infant care will also be made more accessible. The number of spaces in centres for children younger than 18 months will be increased to more than 8,000 by 2020.Read more here.
People who buy expensive motorcycles will have to pay a higher additional registration fee (ARF). It will affect fewer than half of new motorcycle buyers.
The fee for all motorcycles was 15 per cent of their open market value, but it will now be tiered. The first $5,000 of a motorbike’s open market value will be subject to a 15 per cent ARF rate. The next $5,000 will be subject to a rate of 50 per cent, and a 100 per cent ARF rate will apply to the remaining value of a motorcycle beyond $10,000.Read more here.
Households will get a reduction in their tax bills this year. Taxpayers will get a rebate of 20 per cent of tax payable, capped at $500, for income earned in 2016. The rebate will cost the Government $385 million.