Revising Income Ceiling for Purchase of HDB Flats
Parliament of Singapore · 12 August 2013
Official Report, 12 August 2013, Vol 90, Issue 21 · Open in the reader (summaries, search, filters)
Dr Intan Azura Mokhtar asked the Minister for National Development whether the Ministry will consider reviewing the income ceiling of $10,000 for the purchase of HDB flats for married couples with children, from gross income to a per capita income limit, as married couples with children will tend to have higher expenses than those without children.
Mr Khaw Boon Wan: HDB is committed to helping Singaporeans, particularly first-timers and low-income families, own a home. The income ceiling ensures that the Government's limited housing subsidies are prioritised for those who need them most.
At $10,000, the current income ceiling covers eight in 10 households. Nonetheless, for households who exceed the income ceiling but face difficulties, such as heavy financial commitments to support family members' medical and household expenses, we are prepared to review their case.
Source: Singapore Parliament Official Report (Hansard) for 12 August 2013. Republished on SGParliament.