Written answer by Ministry of National Development on whether the Government will provide an additional category of HDB BTO flats for first-timer applicants whose joint incomes fall between $14,000 and $16,000

Sep 9, 2024

Question No: 6450

Question by: Mr Gan Thiam Poh

To ask the Minister for National Development whether the Government will consider providing an additional category of HDB BTO flats for first-timer applicants whose joint incomes fall between $14,000 and $16,000 and who find purchasing an Executive Condominium a financial burden.

Answer:

The income ceiling of $14,000 to buy a flat from HDB ensures that the limited supply of new flats and significant subsidies that come with such flats are prioritised for those who need them more, such as lower- to middle-higher income families. The current 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.

If they are buying a resale HDB flat to live with or near their parents or child, they will be eligible for the Proximity Housing Grant of up to $30,000. There are no plans to create a new category of BTO flats for them.