Written Answer by Ministry of National Development on purchase of HDB flats by first-timers

Jul 10, 2018

Mr Gan Thiam Poh: To ask the Minister for National Development whether the Ministry can review the relevant policies to allow all first-timers to buy HDB BTO and new flats without any income ceiling.

Answer:

HDB is committed to helping Singaporeans, particularly first-timers and lower to middle-income families, to own a home.  The income ceiling helps to ensure that housing subsidies are given to those who need them most. 

At the current income ceiling of $12,000, the majority of citizen households, or about 8 in 10, are able to buy a subsidised flat.  Households with a monthly income above $12,000 have other housing options.  For example, those earning up to $14,000 may buy an Executive Condominium unit from property developers. There is no income ceiling restriction to buy a resale HDB flat on the open market.