Raised income ceiling effective immediately: Khaw

Housing chief gives reassurance that construction industry can cope with increased supply of BTO flats

The construction industry will be able to cope with the demand of building new flats, said National Development Minister Khaw Boon Wan.

The Housing and Development Board (HDB) announced today that they would be building 25,000 new build-to-order (BTO) flats next year.

The HDB also announced today that they will launch 5,500 BTO flats in September and 4,000 BTO flats in November, in various towns including Punggol, Sengkang, Hougang, Yishun, and Jurong East.

The HDB said these two launches will bring HDB’s total BTO supply this year to 25,000 flats.

Mr Khaw added that HDB staff were working round-the-clock to ensure that they delivered these new homes to Singaporeans.

The revised income ceiling, announced by Prime Minister Lee Hsien Loong at yesterday’s National Day Rally speech, will take immediate effect, Mr Khaw added.

This means the income ceiling for couples looking to buy a BTO flat will be S$10,000 – up from S$8,000 – while the ceiling for Executive Condominiums is now S$12,000, up from S$10,000.

Also reflecting Mr Lee’s call yesterday for members of the public to be less demanding when dealing with front-line officers in the civil service, Mr Khaw urged Singaporeans to be patient with HDB counter staff and to be understanding when communicating with them.

Source : Today – 15 Aug 2011

Join The Discussion

Compare listings