Approval period for Home Office Scheme extended to 5 years

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Source:ChannelNewsAsia

SINGAPORE: From 1 April, Home Office Scheme approvals granted by the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) for new applications and renewals will be valid for five years – up from the current three years.

This is to provide greater convenience to home office users and to help them formulate longer term business plans.

The scheme was introduced in 2003 to allow private property and HDB homeowners to conduct small-scale businesses from their homes, if they fulfil certain criteria.

So far, more than 20,600 applications have been approved. Among them, 19,500 are for HDB flats and 1,100 for private properties.

The authorities said most of these applications are for IT consultancy, web design, real estate services and advertising.

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