forgotten 1 Report post Posted March 4, 2011 Income ceiling for 1st-time HDB 3-rm applicants raised to $5k Minister for National Development Mah Bow Tan has promised more housing options for first-time buyers in 2011. He was responding to questions in Parliament on Thursday about what the Government was doing to help genuine buyers own their first homes and the impact of the cooling measures the Government had implemented earlier in 2010 on the property market here. New among these measures was the raised income ceiling for 3-room BTO flats in non-mature estates from $3,000 to $5,000. Mr Mah said this will provide low-to-middle income households with more affordable housing options. The number of 3-room flats on offer will also increase by 50 per cent, or 1,200 flats. Of the other measures, home buyers can look forward to 22,000 new Built-To-Order (BTO) flats this year, which is the largest supply in recent years, to be located in different parts of Singapore. 14,000 will be offered in the first half of 2011. Higher-income earners can also look forward to a greater suppy of Design, Build and Sell Scheme (DBSS) flats and Executive Condominiums (EC). The Government will offer land sites this year for 4,000 DBSS and 4,000 ECs, amounting to 8,000 flats in total. Home buyers whose combined family income totalled $10,000 became eligible for DBSS flats last year, which was up frm $8,000. Mr Mah said: "We recognise that households with higher income may need more housing options. This is why we have extended the options to the DBSS flats as well." Share this post Link to post Share on other sites
mookie 0 Report post Posted March 4, 2011 i dun get it. Isn't BTO flats meant for families and not singles? if thats the case, why is the income ceiling 3k n not 8k? Share this post Link to post Share on other sites
therat 18 Report post Posted March 4, 2011 3rm flat all along the household cap is $3k 4m and above $8k cap DBSS use to be $8k cap, rule change few mths ago, increase to $10k cap EC $10k cap for single, only can buy resale. no salary cap Share this post Link to post Share on other sites
mookie 0 Report post Posted March 4, 2011 i see isee.. thanks a lot. Share this post Link to post Share on other sites
lovegod710 0 Report post Posted March 11, 2011 Thanks for information and I will try to follow the instructions. Share this post Link to post Share on other sites
