I'm a young buyer and from 11 sept 2019, there will be changes to HDB enhanced housing grants.
Here's a simple summary of what I understand for young couples buying HDB flat also.
First change: Income ceilings increased to $14,000 for grants and BTOs eligibility
What is a income ceiling/ How do you identify your income ceiling?
It is your average gross monthly household income for 12 months.
In short, it's the total monthly income of you and your spouse.
If you are buying a BTO, the income ceiling has increased from $12,000 to $14,000.
Previously a couple earning $13,000 will not be able to apply for BTO. But now it's ok!
As for an Executive Condo (EC), the income ceiling has increased from $14,000 to $16,000.