MND confirms no plans to raise $14,000 income ceiling for first-time BTO flat buyers

The current income ceiling will continue to prioritise lower- to middle-income families.

Minister of National Development Desmond Lee said that the ministry has no plans to create a new category of HDB BTO flats for first-time applicants earning $14,000 and $16,000 a month.

The Minister said the $14,000 income ceiling for HDB BTO flats ensures that the limited supply and subsidies are prioritised for lower- to middle-income families.

This income ceiling covers about 8 in 10 Singaporean households.

“Households whose monthly incomes fall between $14,000 and $16,000 are not limited to just Executive Condominiums. They can also choose from a wide range of resale HDB flats, for which there is no income ceiling,” Lee said.

Meanwhile, these applicants will still be eligible for the Proximity Housing Grant of up to $30,000 if they are buying a resale HDB flat to live with or near their parents or child.