Income Ceiling For Hdb

This gives more families the added option of buying an ec besides resale flats and private property.

Income ceiling for hdb. There is no income ceiling for buying an hdb resale flat. Or have only bought 1 of these properties received 1 cpf housing grant thus far. It also facilitates upgrading for existing hdb flat owners.

Income allowance that will be considered for the income ceiling allowances fixed variable received on a regular basis e g. Their average gross monthly income is as follows. Allowances for food transport laundry uniform etc.

If we can give them this opportunity of staying in hdb towns i think there are more positives than negatives currently the income ceilings for bto flats and ecs are s 10 000 and s 12 000. The income ceiling was last raised in 2015. And latest 15 months cpf contribution history sample jpeg 165kb important notes for applicants who have taken an hdb housing loan before.

An hdb loan for the purchase of a new or resale flat. The monthly income ceiling to purchase new executive condominiums ecs will also be increased from 10 000 to 12 000. You have not bought a new hdb dbss flat or ec or received a cpf housing grant before.

Income proof for the preceding month s from the previous employer stating your gross monthly income and last day of service. Income ceiling your average gross monthly income must not exceed 14 000. Your household income must not exceed 16 000 income ceiling.

For singles aged 35 and above the new income ceiling will be s 7 000 up from s 6 000. You do not own other property overseas or locally or have not disposed of any within the last 30 months. It can also fall to as little as 7 000 if you re applying for a 2 room flat under the 2 room flexi scheme.