Applications for HDB BTO Flats and Executive Condominiums Rejected in Last Three Years Due to $10,000 and $12,000 Income Ceilings

Debated in Parliament on 2 Sep 2019.

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In the past three years (2016 to 2018), an average of about 360 applications per year for HDB BTO flats and Executive Condominiums were rejected due to not meeting the income ceilings of $10,000 and $12,000 respectively.
The income ceilings are designed to prioritize housing subsidies for lower to middle-income families, with about eight in 10 Singaporeans able to buy a subsidised flat at the current $12,000 ceiling for HDB.
Households earning up to $14,000 can buy Executive Condominium units from property developers, and there is no income ceiling for purchasing resale HDB flats on the open market.
The Minister stated that HDB will continue to review public housing policies to ensure they remain relevant, but did not commit to increasing the income ceilings at this time.

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Ang Wei Neng

Mr Ang Wei Neng asked the Minister for National Development (a) in the past three years, how many applications for HDB BTO flats and executive condominiums have been rejected due to failure to meet the $10,000 and $12,000 income ceilings respectively; and (b) whether HDB is prepared to increase the respective income ceilings.

Lawrence Wong

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

At the current income ceiling of $12,000, about eight in 10 Singaporeans are able to buy a subsidised flat. Households earning up to $14,000 may buy an Executive Condominium (EC) unit from property developers. There is no income ceiling restriction for the purchase of a resale HDB flat on the open market.

From 2016 to 2018, HDB turned down an average of about 360 applications per year for new flats and ECs due to the income ceilings.

We will continue to review our public housing policies to ensure that they remain relevant.

Summary written by AI (learn more)

In the past three years (2016 to 2018), an average of about 360 applications per year for HDB BTO flats and Executive Condominiums were rejected due to not meeting the income ceilings of $10,000 and $12,000 respectively.
The income ceilings are designed to prioritize housing subsidies for lower to middle-income families, with about eight in 10 Singaporeans able to buy a subsidised flat at the current $12,000 ceiling for HDB.
Households earning up to $14,000 can buy Executive Condominium units from property developers, and there is no income ceiling for purchasing resale HDB flats on the open market.
The Minister stated that HDB will continue to review public housing policies to ensure they remain relevant, but did not commit to increasing the income ceilings at this time.

Questions identified by AI (learn more)

Applications for HDB BTO Flats and Executive Condominiums Rejected in Last Three Years Due to $10,000 and $12,000 Income Ceilings | PAPERCUTS

Applications for HDB BTO Flats and Executive Condominiums Rejected in Last Three Years Due to $10,000 and $12,000 Income Ceilings

Debated in Parliament on 2 Sep 2019.

Summary written by AI (learn more)

In the past three years (2016 to 2018), an average of about 360 applications per year for HDB BTO flats and Executive Condominiums were rejected due to not meeting the income ceilings of $10,000 and $12,000 respectively.
The income ceilings are designed to prioritize housing subsidies for lower to middle-income families, with about eight in 10 Singaporeans able to buy a subsidised flat at the current $12,000 ceiling for HDB.
Households earning up to $14,000 can buy Executive Condominium units from property developers, and there is no income ceiling for purchasing resale HDB flats on the open market.
The Minister stated that HDB will continue to review public housing policies to ensure they remain relevant, but did not commit to increasing the income ceilings at this time.

Questions identified by AI (learn more)

Full Transcript

Ang Wei Neng

Lawrence Wong

From 2016 to 2018, HDB turned down an average of about 360 applications per year for new flats and ECs due to the income ceilings.

We will continue to review our public housing policies to ensure that they remain relevant.

Summary written by AI (learn more)

In the past three years (2016 to 2018), an average of about 360 applications per year for HDB BTO flats and Executive Condominiums were rejected due to not meeting the income ceilings of $10,000 and $12,000 respectively.
The income ceilings are designed to prioritize housing subsidies for lower to middle-income families, with about eight in 10 Singaporeans able to buy a subsidised flat at the current $12,000 ceiling for HDB.
Households earning up to $14,000 can buy Executive Condominium units from property developers, and there is no income ceiling for purchasing resale HDB flats on the open market.
The Minister stated that HDB will continue to review public housing policies to ensure they remain relevant, but did not commit to increasing the income ceilings at this time.

Questions identified by AI (learn more)

Applications for HDB BTO Flats and Executive Condominiums Rejected in Last Three Years Due to $10,000 and $12,000 Income Ceilings

Summary

Questions Identified

Full Transcript

Ang Wei Neng

Lawrence Wong

Summary

Questions Identified

Applications for HDB BTO Flats and Executive Condominiums Rejected in Last Three Years Due to $10,000 and $12,000 Income Ceilings

Summary

Questions Identified

Full Transcript

Ang Wei Neng

Lawrence Wong

Summary

Questions Identified