Some 950,000 Singaporean households to get U-Save, S&CC rebates in July
Depending on their HDB flat type, eligible households will receive up to $190 in U-Save for their utility bills, and a maximum of a month of rebates for their service and conservancy charges (S&CC), the Ministry of Finance said in a statement on June 30.
For example, people living in a four-room flat will get $150 and half a month respectively in rebates for their U-Save and S&CC.
Those in one- and two-room flats will get $190 and a month respectively.
The utility and S&CC rebates will be automatically credited to the eligible household's accounts with grid operator SP Services and the town councils, respectively.
These rebates are part of a permanent GST Voucher scheme and the enhanced Assurance Package to help lower- and middle-income households cope with the increasing cost of living and increase Goods and Services Tax.
They are disbursed every three months - in April, July, October and January - each year.
In total, eligible Singaporean HDB households will receive up to $760 of U-Save rebates in fiscal year 2025.
Meanwhile, eligible households can expect to receive a total of up to 3.5 months of S&CC rebates in fiscal year 2025.
To be eligible for the U-Save rebate, there must be at least one Singaporean owner or occupier in the household if the flat is partially rented out or not rented out.
If the entire Housing Board flat is rented out, there must be at least one Singaporean tenant.
Households with people who own more than one property are not eligible for U-Save rebates, said the Finance Ministry.
The following households are not eligible for the S&CC rebate:
Those with no Singaporean flat owner or occupier in the flat
Those whose flat owners or essential occupiers own or hold interest in a private property
Those who have rented out the entire flat
To check on their eligibility for S&CC rebates, members of the public can log in to the My HDBPage with their Singpass.
In its statement, the ministry also reminded the public that government officials will not ask them to transfer money or disclose banking details over a call.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
an hour ago
- Straits Times
Wall Street ends on muted note ahead of Jackson Hole summit, retailers' earnings
Sign up now: Get ST's newsletters delivered to your inbox The S&P 500 posted 9 new 52-week highs and 3 new lows while the Nasdaq Composite recorded 80 new highs and 69 new lows. NEW YORK - Wall Street's main indexes closed roughly flat on Aug 18, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve's annual symposium in Jackson Hole. Walmart, Home Depot and Target, among others, are set to report results this week and are likely to indicate how trade uncertainty and inflation expectations have affected US consumers. Investors are also closely watching the Fed's Jackson Hole, Wyoming, conference between Aug 21 and 23, where Fed Chair Jerome Powell is expected to speak, could offer more clarity on the economic outlook and the central bank's policy framework. Talks at the White House on Aug 18 between US President Donald Trump and Ukrainian President Volodymyr Zelensky failed to move the market significantly. 'It's a quiet day, with investors getting ready for things to come,' said Jed Ellerbroek, portfolio manager at Argent Capital. 'The most important event is Powell's speech, as we expect updated thoughts about how the Fed is viewing this economic environment where inflation is at a fairly high level while unemployment seems to have a rising trend.' Data on Aug 15 showed that while retail sales were increasing broadly as anticipated, consumer sentiment overall had taken a hit from mounting inflation fears. Top stories Swipe. Select. Stay informed. Singapore Jobs, infrastructure and homes at the core of Singapore's resilience: Economists Business New online tools by SkillsFuture Singapore help companies plan and curate staff training Life Chinese EV brand Nio to be launched in Singapore in first quarter of 2026 Asia 2 firefighters die in building fire at Osaka's Dotonbori tourist district Singapore Driver hurt after car turns turtle in Upper Thomson accident Sport National tennis player Shaheed Alam serves up charity event to benefit migrant workers Life New Blackpink album scheduled for November, YG Entertainment confirms Singapore Jail for driver of 11-tonne garbage truck that ran over cyclist in Woodlands On Aug 18, the National Association of Home Builders/Wells Fargo Housing Market Index fell to the lowest reading since Dec 2022. Wall Street's main indexes rallied over the past two weeks, with the blue-chip Dow hitting an intraday record high on Aug 15, aided by interest rate cut expectations and a better-than-expected earnings season despite an uncertain trade environment. On the geopolitical front, Trump and Zelensky met to discuss the future of the war in Ukraine, days after Trump's summit with Russian President Vladimir Putin which yielded no concrete outcome. Trump said he would call Putin and that it was possible the three leaders could hold a meeting. The Dow Jones Industrial Average fell 34.30 points, or 0.08 per cent, to 44,911.82, the S&P 500 lost 0.65 point, or 0.01 per cent, to 6,449.15 and the Nasdaq Composite gained 6.80 points, or 0.03 per cent, to 21,629.77. Investors continue to price in a 25-basis-point cut from the Federal Reserve in September, although they have lowered their expectations for another rate cut this year, according to data compiled by LSEG. Recent data has also suggested that while US tariffs have not filtered in to headline consumer prices yet, weakness in the jobs market could nudge the central bank to take a more dovish stance. Intel shares fell 3.66 per cent after a Bloomberg report said the Trump administration is in talks to take a 10 per cent stake in the chipmaker. Dayforce jumped 26 per cent after a report that private equity firm Thoma Bravo was in talks to acquire the human resources management software firm. Solar stocks including SunRun and First Solar gained 11.35 per cent and 9.69 per cent, respectively, after the US Treasury Department unveiled new federal tax subsidy rules for solar and wind projects, which were less strict than investors had feared. Advancing issues outnumbered decliners by a 1.16-to-1 ratio on the NYSE. There were 185 new highs and 36 new lows on the NYSE. The S&P 500 posted 9 new 52-week highs and 3 new lows while the Nasdaq Composite recorded 80 new highs and 69 new lows. REUTERS
Business Times
8 hours ago
- Business Times
US: Wall Street opens flat, focus on retail earnings and Fed summit
WALL Street's main indices were subdued at the open on Monday (Aug 18), in a quiet start to a week packed with corporate earnings reports from major retailers and the Federal Reserve's annual symposium in Jackson Hole. The Dow Jones Industrial Average rose 17 points, or 0.04 per cent, at the open to 44,963.17. The S&P 500 fell 4.8 points, or 0.07 per cent, at the open to 6,445.02, while the Nasdaq Composite dropped 6.2 points, or 0.03 per cent, to 21,616.82 at the opening bell. REUTERS
International Business Times
11 hours ago
- International Business Times
Asian Stocks Hit Record High as Fed Meeting Looms; Oil Steady, Dollar Soft
Asian markets started the week strongly on Monday, supported by optimism over potential U.S. interest rate cuts. Japan's Nikkei added 0.9% to set another record high, and Taiwan stocks touched new peaks as well. Blue-chip stocks in China rose 1.3%, nearing their highest point in 10 months. The MSCI Asia-Pacific index outside Japan rose 0.5%, adding to last week's four-year high. freepik European markets were also strong in early trading, with Euro Stoxx 50 futures and Germany's DAX futures up 0.2% each, as FTSE futures gained 0.3%. Stock futures in the United States rose slightly, with the S&P 500 and the Nasdaq creeping closer to their existing record levels. Focus on Fed and Jackson Hole Investors are focused on the Federal Reserve's annual Jackson Hole symposium from Aug. 21 to 23. Jerome Powell, the Fed chair, is expected to provide more details on the central bank's plans around inflation and employment, but analysts say he may avoid signaling a clear September move. Markets currently expect an 85% chance of a quarter-point rate cut next month and another cut by the end of the year. The prospect of lower borrowing costs worldwide has been a crucial source of fuel for stocks, driving global benchmarks higher in recent weeks. Yet, investors are waiting for U.S. jobs and inflation data for greater clarity on Fed policy. Earnings Support Wall Street Results from companies continue to play a crucial role in supporting markets. The S&P 500 companies reported an 11% earnings-per-share increase from a year earlier, with nearly 60% raising full-year outlooks. Tech giants, meanwhile, retained their status as standout performers, with analysts at Goldman Sachs noting that the "Magnificent 7" saw profits jump by 26% in the second quarter. That will begin this week as attention shifts to consumer-focused companies, with Home Depot, Target, Lowe's, and Walmart all set to report. Their results will offer investors more hints about household spending and the overall health of the American economy. Currencies and Commodities The dollar held near recent lows as rate cut expectations weighed.. It was 147.41 yen, and the euro was flat at $1.1704. The dollar index was last at 97.85 against a basket of currencies, after a 0.4% drop last week. Gold advanced 0.5% to $3,343 an ounce after last week's decline. Oil prices remained in check as concerns over tighter Russian supply subsided. Brent crude declined 0.1% to $65.78 a barrel, and U.S. crude was steady at $62.73.
