The changes of new measures in housing sector has been announced by Prime Minister Lee Hsien Loong at National Day Rally 2015, it includes some new housing goodies for home buyers in Singapore, according to media reports.
First, the increased of income ceiling limit for new executive condominiums (ECs) and HDB flats buyers so that higher-income families can be qualified for government-subsidised housing. HDB flats will increased from $10,000 to $12,000 while ECs will go up from $12,000 to $14,000.
Another, there will be an increased in Special Housing Grant (SHG) income ceiling, a raised from $6,500 to $8,500, plus the $40,000 two-fold increased for the maximum grant amount. The enhancement will guarantee the middle and lower-income families that owning an HDB flat are within reach.
According to Mr Lee, home buyers who earned lower than $1,000 a month can acquire a 2-bedroom unit as long as they have a good or permanent job and a regular contributor to the Central Provident Fund (CPF).