In recent news, MP Gan Thiam Poh (Ang Mo Kio GRC) raised the suggestion that we should remove the income ceiling for first-time buyers of BTO flats. This was based on his interaction with young couples, who told him they had issues with busting the current income ceiling. This has caused some debate in the real estate market. The issue is only simple on the surface; in reality, there are some consequences that future Singaporeans may face from this. Here’s as unbiased a view as we can present: How much of an issue is the income ceiling? At present, the income ceiling for a BTO flat is $14,000 per month (although it can be as low as $7,000 for some two and three-room flats, or as high as $21,000 for multi-generational family flats). In light of this, we checked the median household income in Singapore from Singstat. As of 2019, the median household income stood at $9,293...