No plans to raise income ceiling for HDB grants as it could negate Govt's priority of cooling resale prices: Indranee

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SINGAPORE — The Government's priority is to rein in resale public flat prices and it does not intend to raise the income ceiling for grants to buyers of new and resale public flats despite rising inflation, Second Minister for National Development Indranee Rajah said on Tuesday (Nov 29).

and it does not intend to raise the income ceiling for grants to buyers of new and resale public flats despite rising inflation, Second Minister for National Development Indranee Rajah said on Tuesday .

In a supplementary question, Mr Ang had asked if the Government would consider reviewing the criteria to qualify for the Enhanced Housing Grant. He noted that the nominal income of Singaporeans is likely to increase next year as wages catch up with inflation, even as their real wages fall behind these cost of living increases.

For example, in 2010, the income ceiling for a BTO was S$8,000 while the income ceiling for an EC was S$10,000. This translates to a difference of 25 per cent. In her response, Ms Indranee said that there are no plans to revise the income ceilings for BTOs or ECs at this point.

 

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Please reconsider not allowing citizens and PRs to have a condo and hdb at same time, either way.

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