The income ceilings to qualify for the purchase of new Housing Board flats will be raised and first-time flat buyers will get more generous housing grants from Wednesday (Sep 11).
The household income cap will go up from S$12,000 to S$14,000 for families looking to buy a Build-To-Order (BTO) flat. This increased cap will also apply to HDB housing loans.
Those looking to buy an Executive Condominium will also benefit from a higher income cap, up from S$14,000 to S$16,000. For singles aged 35 and above the new income ceiling will be S$7,000, up from S$6,000.
– 10 Sep 2019