SINGAPORE: The income ceilings to qualify for the purchase of Housing Board flats will be raised from Wednesday as part of measures “to help more Singaporeans from the lower to upper-middle income households buy their first home”.
Those looking to buy an Executive Condominium will also benefit from a higher household income cap, up from the current S$14,000 to S$16,000. “This is to ensure that all Singaporeans will be able to live comfortably in a home that can last them for life,” it said. Families buying resale flats, can also qualify for the Proximity Housing Grant on top of the EHG, provided they fulfil the requirements. This is not unique to first-time buyers.
Eligible second-timer families earning up to S$7,000 will now be allowed to apply for the Fresh Start Housing Scheme and the Step-Up CPF Housing Grant, up from the previous cap of S$6,000.
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