{"id":111778,"date":"2019-10-22T10:42:54","date_gmt":"2019-10-22T03:42:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/remove-income-ceiling-for-first-time-hdb-buyers-ho-ching\/"},"modified":"2019-10-22T11:05:38","modified_gmt":"2019-10-22T04:05:38","slug":"remove-income-ceiling-for-first-time-hdb-buyers-ho-ching","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/remove-income-ceiling-for-first-time-hdb-buyers-ho-ching\/","title":{"rendered":"Remove income ceiling for first-time HDB buyers, Ho Ching"},"content":{"rendered":"


\nIn vouching for public housing, Mdm Ho said people should make a smarter wealth choice by opting to live in HDB housing.
\nHo Ching, the wife of Prime Minister Lee Hsien Loong, has urged policymakers to remove the income ceiling for first-time buyers of Housing and Development Board (HDB) flat.
\nThis comes as Mdm Ho, who serves as chief executive officer of Singapore sovereign wealth fund Temasek, believes that everyone should own and live in an HDB flat, reported The Independent.
\n\u201cOver time, we should perhaps remove the income ceiling for buying HDB flats for first-time property buyers\/owners,\u201d she wrote on her Facebook page.
\nMdm Ho made the statement in response to a recent study of the National University of Singapore (NUS) on \u2018housing wealth\u2019.
\nThe study showed that while the government\u2019s housing policies helped children born to lower-income families upgrade to more expensive houses when they grow older, the same does not apply to children born to middle-income families.
\nThe NUS study found that children from mid-income families tend to end up worse off compared to their parents, with more than 50 percent from this group who grew up living in private properties downgrading to public housing.
\nThe researchers noted that the sandwiched group is finding it hard to climb the social ladder due to the \u201chigh price and also the lack of government subsidies\u201d for private housing.
\nIn vouching for public housing, Mdm Ho said people should make a smarter wealth choice by opting to live in HDB housing.
\nALSO READ:\u00a0Enhanced housing grant to boost demand for HDB resale flats
\n\u201c80 percent of housing is HDB. These come with various subsidies for first timers, for staying closer to parents, with excellent amenities minus the cost of maintaining private swimming pools. So families in the 60 to 80 percent income bracket may be making the smarter wealth choice going for HDB housing,\u201d she wrote.\u00a0
\nShe described the ownership of HDB housing a beneficial opportunity that should be taken advantage of by everyone.
\n\u201cNow that we have stabilised the HDB housing supply, we can perhaps add a premium to the posted HDB price for new builds, based on some percentage of the income above the current ceiling,\u201d she suggested.
\n\u201cThat way, everybody who doesn\u2019t already own a property can benefit from the opportunity to own and live in HDB regardless of income levels,\u201d added Mdm Ho.
\nRead our handy\u00a0HDB Buying Guides\u00a0or find a\u00a0home on PropertyGuru.\u00a0
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Remove income ceiling for first-time HDB buyers, Ho Ching<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In vouching for public housing, Mdm Ho said people should make a smarter wealth choice...<\/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-111778","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-t4S","jetpack-related-posts":[{"id":121243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-sets-aside-800-more-rental-flats-under-pphs-and-introduce-new-eligibility-conditions\/","url_meta":{"origin":111778,"position":0},"title":"HDB sets aside 800 more rental flats under PPHS and introduce new eligibility conditions","date":"August 4, 2021","format":false,"excerpt":"\r HDB will finetune its eligibility conditions and allocation process for PPHS, and also introduce a new\u00a0$7,000 income ceiling for such flats.\u00a0\u00a0 The HDB on Tuesday (3 August) announced that 800 more rental flats will be set aside over the next two years for families awaiting the completion of their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/HDB-flats-in-Bukit-Panjang-scaled.jpg?fit=1200%2C406&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":111778,"position":1},"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":110665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-enjoy-higher-income-ceilings-and-enhanced-housing-grant\/","url_meta":{"origin":111778,"position":2},"title":"Home buyers to enjoy higher income ceilings and enhanced housing grant","date":"September 11, 2019","format":false,"excerpt":"\r The 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. In a bid to provide more home buyers with affordable housing options, the government raised the income\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-gets-194-requests-for-interim-rental-housing\/","url_meta":{"origin":111778,"position":3},"title":"HDB gets 194 requests for interim rental housing","date":"January 25, 2021","format":false,"excerpt":"\r HDB gets 194 requests for interim rental housingOut of the 194 requests, 17 came from future owners at Waterway Sunrise II, whose building contractor was terminated by HDB last August due to failure to meet project milestones. Image: Google Street View The Housing and Development Board (HDB) has received\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Waterway-Sunrise-II.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":115352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-unchanged-in-q1-amid-covid-19\/","url_meta":{"origin":111778,"position":4},"title":"HDB resale prices unchanged in Q1 amid Covid-19","date":"April 2, 2020","format":false,"excerpt":"\r Despite the Covid-19 outbreak, resale prices of Housing and Development Board (HDB) flats held flat in the first quarter of 2020. The resale price index (RPI) stood at 131.5 in Q1, unchanged from the fourth quarter of 2019, showed flash estimates by the Housing and Development Board (HDB). The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":111778,"position":5},"title":"HDB resale prices up 0.4% in Q4 2019","date":"January 2, 2020","format":false,"excerpt":"\r As such, the HDB Resale Price Index (RPI), which measures overall price movements of resale HDB flats, is now 131.4.\u00a0 Resale prices of HDB flats have continued to climb in Q4 2019, raising by 0.4% from the 0.1% increase in Q3 2019, according to the latest HDB flash estimates.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/HDB-flash-estimates-Q4-2019.png?fit=600%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111778"}],"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=111778"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111778\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}