Income Ceiling For Hdb
Ho ching the wife of prime minister lee hsien loong has urged policymakers to remove the income ceiling for first time buyers of housing and development board hdb flat.
Income ceiling for hdb. Ownership interest in hdb flats. With the increase in income ceiling caps for hdb assistance schemes will also be raised from s6000 to s7000. Our press release during the sales launches will specify the income ceiling for each project. There is no income ceiling for buying an hdb resale flat.
Income ceiling average gross monthly household income 4 room flat or bigger 14000 21000 if purchasing with extended or multi generation family 3 room flat 7000 or 14000 depending on project. Hdb will also increase the cpf housing grant for single citizens from 11000 to 15000. In vouching for public housing mdm ho said people should make a smarter wealth choice by opting to live in hdb housing. These include the fresh start housing scheme and the step up cpf housing grant.
If you or any persons listed in the application owns an hdb flat you must dispose of the hdb flat within 6 months of the resale.
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