By Dennis Ng

The news was expected as the then Minister for National Development (Mr. Mah) had mentioned in the run-up to General Elections in May 2011 that the income ceiling for HDB flats would be increased.

The changes announced by Prime Minister Lee during National Day Rally on Sunday night 14 Aug 2011 are as follows:

1. Income ceiling for purchase of new HDB flats and for qualifying for grants for HDB Resale flats will be raised to S$10,000 from S$8,000 previously.

2. Income ceiling for buying ECs (Executive Condos) will be raised to S$12,000 from S$10,000.

3. Income Ceiling for Singles will be raised from S$3,000 to S$5,000 to qualify for the HDB Housing Grant, and the housing grant will be increased from S$11,000 to S$15,000.

Those earning up to S$10,000 will get S$30,000 CPF Housing Grant when buying new ECs. Those who earn between S$10,000 to S$11,000 ...