This post came out from The Straits Times (9 December
2016)
More than 1,500 households benefited from adjustments
in housing policy last year that allowed them to buy new subsidised flats, or
resale flats using grants, the Housing Board said yesterday. These were households that could not buy new or
resale flats before, as their earnings exceeded the previous income ceiling of
$10,000 for families and $5,000 for singles.
HDB raised the ceiling to $12,000 for families and
$6,000 for singles in August last year to adjust for rising incomes, which
allowed higher-income households to buy public flats.
In the year that followed, up to August this year,
some 1,565 households were able to buy resale flats with CPF Housing Grants, or
new flats, because of the changes. Of these, 565 households booked new
flats and 1,000 households bought resale flats with the grants.
HDB said another 1,047 families booked executive
condominiums (ECs) with tiered CPF Housing Grants who could not do so before;
the ceiling for ECs was also raised last year, from $12,000 to $14,000.
The last time the income ceilings were raised was in
2011, when each limit went up by $2,000. The changes were announced by Prime
Minister Lee Hsien Loong at the National Day Rally last year so more Singaporeans
could become eligible for new flats and ECs.
Thoughts anyone?
Yours,
Something Small Thinking Big
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