{"id":110665,"date":"2019-09-11T12:15:01","date_gmt":"2019-09-11T05:15:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-enjoy-higher-income-ceilings-and-enhanced-housing-grant\/"},"modified":"2019-09-11T13:04:19","modified_gmt":"2019-09-11T06:04:19","slug":"home-buyers-to-enjoy-higher-income-ceilings-and-enhanced-housing-grant","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-enjoy-higher-income-ceilings-and-enhanced-housing-grant\/","title":{"rendered":"Home buyers to enjoy higher income ceilings and enhanced housing grant"},"content":{"rendered":"


\nThe income ceiling for executive condo buyers has is now raised\u00a0from $14,000 to $16,000, while Singles aged 35 and above will also enjoy a higher income cap of $7,000, up from $6,000.
\nIn a bid to provide more home buyers with affordable housing options, the government raised the income ceilings for Housing Board flats, while offering higher grants to first-time home buyers.
\nFrom today, the household income ceiling to acquire a Build-to-Order flat is raised to $14,000 from $12,000 previously. The higher cap also applies to HDB housing loans, reported CNA.
\nThe income ceiling for executive condo buyers is also raised from $14,000 to $16,000. Singles aged 35 and above will also enjoy a higher income cap of $7,000, up from $6,000.
\nMeanwhile, the Enhanced CPF Housing Grant (EHG), which can be used for new or resale flats, provides first-time home buyers more flexibility to choose the location and size of their flats.
\nIts $9,000 income ceiling is also higher than the two schemes that it is replacing \u2013 the Additional CPF Housing Grant (AHG) and the Special CPF Housing Grant (SHG). AHG has an income cap of $5,000 and $8,500 for the SHG, which only applies to those looking to buy four-room or smaller flats within non-mature estates.
\nFlat buyers, however, can only avail of the full EHG grant if the flat\u2019s lease can cover the buyers until the age of 95. The grant will be pro-rated for families whose flats have shorter leases.
\n\u201cThis is to ensure that all Singaporeans will be able to live comfortably in a home that can last them for life,\u201d explained HDB.
\nA first-timer couple, for instance, earning $4,800 and planning to purchase a four-room HDB flat in a mature estate will now get $45,000 in EHG, compared to a $5,000 AHG previously. Aside from the EHG, resale flat buyers can also benefit from the Proximity Housing Grant.
\n\u201cThe Enhanced Housing Grant is a major step forward in making HDB flats more affordable for all first-timers,\u201d said National Development Minister Lawrence Wong.
\n\u201cHome buyers will have more options for larger BTO flats in mature estates, and also the wide variety of readily available flats in the resale market,\u201d he added.
\nThe minister also revealed plans for a new HDB portal that will provide buyers information on new HDB flats and resale flats. It will also allow sellers to list and advertise their flats, as well as complete the resale application within the portal.
\n\u201cAll this is work in progress, and we intend to get the new portal ready by the end of next year,\u201d said Wong.
\n\u00a0
\nAgnes Ong at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0agnes.ong@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Home buyers to enjoy higher income ceilings and enhanced housing grant<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The income ceiling for executive condo buyers has is now raised\u00a0from $14,000 to $16,000, while...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110665","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sMV","jetpack-related-posts":[{"id":110917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-pricing-model-for-greater-southern-waterfront-flats\/","url_meta":{"origin":110665,"position":0},"title":"New pricing model for Greater Southern Waterfront flats","date":"September 20, 2019","format":false,"excerpt":"\r Wong explained that the new measures are aimed at providing \u201ca better balance between new and resale (flats) in terms of grants\u201d In a bid to mitigate the \u201clottery effect\u201d of securing a subsidised flat within the Greater Southern Waterfront, Minister for National Development Lawrence Wong revealed that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110663,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/enhanced-housing-grant-to-boost-demand-for-hdb-resale-flats\/","url_meta":{"origin":110665,"position":1},"title":"Enhanced housing grant to boost demand for HDB resale flats","date":"September 11, 2019","format":false,"excerpt":"\r The new housing grant, streamlines two existing grants and comes with a higher wage ceiling. It also removed restriction on the location and type of flats being purchased. Analysts expect the Enhanced Central Provident Fund (CPF) Housing Grant unveiled on Tuesday (10 September) to further boost demand in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123361,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-demand-for-bto-flats-due-to-hike-in-marriages-more-people-choosing-to-have-own-flat\/","url_meta":{"origin":110665,"position":2},"title":"Higher demand for BTO flats due to hike in marriages, more people choosing to have own flat","date":"November 22, 2021","format":false,"excerpt":"\r The overall number of BTO flat applications in 2020 was 87,800, up from\u00a038,500 in 2018\u00a0and 51,400 in 2019. Singapore saw demand for Build-to-Order (BTO) flats more than double from 2018 to 2020, with the overall number of flat applications rising from 38,500 in 2018 to 51,400 in 2019, before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/hdb-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-17000-bto-flats-to-launch-next-year-lawrence-wong\/","url_meta":{"origin":110665,"position":3},"title":"Up to 17,000 BTO flats to launch next year: Lawrence Wong","date":"December 16, 2019","format":false,"excerpt":"\r This is to meet the additional demand for houses after key policy changes.\u00a0 National Development Minister Lawrence Wong revealed that HDB will be launching 16,000 to 17,000 Build-To-Order (BTO) flats next year to meet additional demand after the roll-out of key policy changes this year, reported The Straits Times.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114503,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-more-two-room-flats-in-may-and-august-sale-exercises\/","url_meta":{"origin":110665,"position":4},"title":"HDB to offer more two-room flats in May and August sale exercises","date":"February 25, 2020","format":false,"excerpt":"\r The upcoming BTO exercises in Tengah, Choa Chu Kang and Woodlands will offer more two-room flats for singles 35 years old and above.\u00a0 HDB will offer more two-room Build-To-Order (BTO) flats in Tengah, Choa Chu Kang and Woodlands as more singles acquire homes following a rule change in 2013,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/10-facts-you-should-know-about-ecs\/","url_meta":{"origin":110665,"position":5},"title":"10 facts you should know about ECs","date":"April 2, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences EC in Sengkang. The 628-unit Rivercove Residences executive condominium (EC) at Anchorvale Lane in Sengkang opened for e-application on Sunday (1 Apr). More than 3,000 people visited the showflat yesterday, which is located at the junction of Anchorvale Lane and Sengkang East Avenue. Developed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110665"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110665"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110665\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}