The revised S$12,000 income ceiling for executive condominiums (EC) will also apply to five projects launched before August 15 this year. The Ministry of National Development said it made this change following public feedback to apply the new ceiling to projects launched before August 15, the date the new ceiling was announced for EC projects. MND said it found the feedback sound as it will enable home...
HDB Income Ceiling
Prospective buyers of units at current executive condominiums (EC) projects, are requesting that the recent income ceiling increase, also be applicable to those bought before mid-August. The qualifying income ceiling for ECs was raised from S$10,000 to S$12,000 a month, for projects launched for sale from August 15 this year. Property agent ERA said that after the recent announcement, they received...
The pool of potential home buyers for Design, Build and Sell Scheme (DBSS) and Build-To-Order (BTO) flats is now the same, as the government is keeping the monthly income ceiling for DBSS flats at S$10,000. National Development Minister Khaw Boon said yesterday that buyers with a monthly income of up to S$10,000 now have a choice between DBSS and BTO flats. He said that those who can afford DBSS flats...
Singles buying a resale flat for the first time will receive more assistance from the government. The monthly income ceiling to qualify under the single Singapore Citizen scheme will be raised to S$5,000, up from S$3,000. Singles will also enjoy a CPF Housing Grant of S$15,000, up from S$11,000. And those applying under the Joint Singles Scheme will see the monthly income ceiling raised to S$10,000, and...
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...
The government will raise the qualifying income ceilings of households for HDB's Build-To-Order (BTO) flats and Executive Condos (EC), said Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday evening. The qualifying income ceilings of households for BTO flats will be increased from the current S$8,000 to S$10,000, and for ECs from the current S$10,000 to S$12,000. Prime Minister Lee...
His predecessor had announced the review and, yesterday, National Development Minister Khaw Boon Wan gave the numbers to suggest that the income ceiling for new Housing and Development Board (HDB) flats will, indeed, be raised from the present S$8,000. In last month's Build-to-Order (BTO) exercise, more than half of the first-timers had applied under HDB's Fiance-Fiancee Scheme and had a median age of 27....
National Development Minister Khaw Boon Wan said the rising age of first time Build-to-Order (BTO) applicants justifies revising the HDB income ceiling. Writing in his blog, Mr Khaw said first-time applicants who applied under HDB's Fiancé-Fiancée Scheme for BTO projects launched in May had a median age of 27. And other first-timers - such as those already married - had a median age of 34. In May,...
As the Government reviews the income ceiling to qualify to buy new public housing - a move considered by some market watchers to be long overdue - property analysts cautioned that a balance would have to be struck between helping the sandwiched class and ensuring that the market could cope with an influx of new buyers. Analysts whom Today spoke to said that a higher income ceiling of S$10,000 a month -...