To help more Singaporeans qualify for new HDB flats, the income ceiling to purchase a new Build-to-Order (BTO) flat will be raised from S$10,000 to S$12,000. As for those looking to buy an Executive Condominium, the income ceiling will be raised from S$12,000 to S$14,000.
For middle- and lower-income households to afford their first flat. First, the household income ceiling for the Special CPF Housing Grant will be raised to S$8,500 – up from the current S$6,500.
Second, the maximum grant amount will be doubled from S$20,000 to S$40,000. For a median household, they would get a Special Housing Grant of S$30,000 instead of S$10,000.
– 23 Aug 2015