Higher income ceilings ensure 8 in 10 households continue to qualify for subsidised public housing: Chee Hong Tat

SINGAPORE: Higher income ceilings for new Housing and Development Board (HDB) flats have taken effect, with National Development Minister Chee Hong Tat saying the move will help keep subsidised public housing within reach of eight in 10 Singaporean households.

For Build-to-Order (BTO) flats, the monthly household income ceiling now stands at S$16,000 (US$12,500), up from S$14,000, while for executive condominiums (ECs), it has been raised by S$2,000 to S$18,000. The income ceiling for eligible single HDB home buyers aged 35 and above has also increased from S$7,000 to S$8,000.

Prime Minister Lawrence Wong had announced the changes during his National Day Rally speech on Sunday. They are part of measures to keep public housing and ECs affordable and accessible for Singaporeans, and better support families with children, as the country seeks to encourage marriage and parenthood.

In a Facebook post on Monday (Aug 24), Mr Chee said these "increased income ceilings allow us to keep pace with income growth and ensure that 8 in 10 Singaporean households continue to qualify for subsidised public housing".