Income of Foreign Spouse of Singaporeans in HDB Housing Loan or Grant Applications

Debated in Parliament on 19 Nov 2018.

Summary written by AI (learn more)

Zainal Sapari asked whether HDB considers the income of a foreign spouse married to a Singaporean when deciding housing loan or grant eligibility.
Lawrence Wong explained that housing grants are means-tested and based on the total monthly household income, with different grant amounts depending on income tiers and flat type.
For housing loans, HDB primarily uses the flat owners' income to determine the loan quantum, as they are responsible for repayments.
HDB allows case-by-case appeals to include the income of other occupiers, including foreign spouses, in loan computations.
The policy ensures support is targeted at households with lower incomes while maintaining flexibility through an appeals process.

Questions identified by AI (learn more)

Full Transcript

Zainal Sapari

Mr Zainal Sapari asked the Minister for National Development whether the income of a foreign spouse who is married to a Singaporean is taken into consideration by HDB in deciding the quantum of housing loan or grant that the applicant would be eligible for.

Lawrence Wong

Housing grants are means-tested and pegged to the monthly household income of all working members of the household. In particular, the grant quantum for the Additional Central Provident Fund (CPF) Housing Grant and Special CPF Housing Grant is tiered based on monthly household income, while the quantum for the CPF Housing Grant is tiered by flat type.

With regard to housing loan, the Housing and Development (HDB) determines the loan quantum based on the flat owners' income as they are the ones who are borrowing and need to service the mortgage. Nevertheless, HDB exercises flexibility and considers appeals to use the occupiers' income for the computation of the loan amount on a case-by-case basis.

Summary written by AI (learn more)

Zainal Sapari asked whether HDB considers the income of a foreign spouse married to a Singaporean when deciding housing loan or grant eligibility.
Lawrence Wong explained that housing grants are means-tested and based on the total monthly household income, with different grant amounts depending on income tiers and flat type.
For housing loans, HDB primarily uses the flat owners' income to determine the loan quantum, as they are responsible for repayments.
HDB allows case-by-case appeals to include the income of other occupiers, including foreign spouses, in loan computations.
The policy ensures support is targeted at households with lower incomes while maintaining flexibility through an appeals process.

Questions identified by AI (learn more)

Income of Foreign Spouse of Singaporeans in HDB Housing Loan or Grant Applications | PAPERCUTS

Income of Foreign Spouse of Singaporeans in HDB Housing Loan or Grant Applications

Debated in Parliament on 19 Nov 2018.

Summary written by AI (learn more)

Zainal Sapari asked whether HDB considers the income of a foreign spouse married to a Singaporean when deciding housing loan or grant eligibility.
Lawrence Wong explained that housing grants are means-tested and based on the total monthly household income, with different grant amounts depending on income tiers and flat type.
For housing loans, HDB primarily uses the flat owners' income to determine the loan quantum, as they are responsible for repayments.
HDB allows case-by-case appeals to include the income of other occupiers, including foreign spouses, in loan computations.
The policy ensures support is targeted at households with lower incomes while maintaining flexibility through an appeals process.

Questions identified by AI (learn more)

Full Transcript

Zainal Sapari

Lawrence Wong

Summary written by AI (learn more)

Zainal Sapari asked whether HDB considers the income of a foreign spouse married to a Singaporean when deciding housing loan or grant eligibility.
Lawrence Wong explained that housing grants are means-tested and based on the total monthly household income, with different grant amounts depending on income tiers and flat type.
For housing loans, HDB primarily uses the flat owners' income to determine the loan quantum, as they are responsible for repayments.
HDB allows case-by-case appeals to include the income of other occupiers, including foreign spouses, in loan computations.
The policy ensures support is targeted at households with lower incomes while maintaining flexibility through an appeals process.

Questions identified by AI (learn more)

Income of Foreign Spouse of Singaporeans in HDB Housing Loan or Grant Applications

Summary

Questions Identified

Full Transcript

Zainal Sapari

Lawrence Wong

Summary

Questions Identified

Income of Foreign Spouse of Singaporeans in HDB Housing Loan or Grant Applications

Summary

Questions Identified

Full Transcript

Zainal Sapari

Lawrence Wong

Summary

Questions Identified