Income Ceiling For Hdb
However you need to take note of the method of calculations for this 18000 ceiling.
Income ceiling for hdb. Your household income must not exceed 16000 income ceiling. If you or any persons listed in the application owns an hdb flat you must dispose of the hdb flat within 6 months of the resale. You do not own other property overseas or locally or have not disposed of any within the last 30 months. You and all other co applicants and essential occupiers are all first timers.
Do note that this is optional. You have not bought a new hdb dbss flat or ec or received a cpf housing grant before. Or have only bought 1 of these properties received 1 cpf housing. Should you need any further assistance in matters relating to property please contact me at my mobile 9748 6305.
Hdb will also increase the cpf housing grant for single citizens from 11000 to 15000. The monthly income ceiling for single citizens buying up to a 5 room resale flat under the single singapore citizen ssc scheme with a cpf housing grant and hdb loan will be increased from 3000 to 5000. With the increase in income ceiling caps for hdb assistance schemes will also be raised from s6000 to s7000. The current income ceiling for a bto flat is 14000.
For flat applications received for sales exercises launched before september 2019 income ceilings are 12000 and 18000 for extended or multi generation family example a married couple and their 3 working children wish to buy a new flat. Ownership interest in hdb flats. Have worked continuously for 12 months prior to the. There is no income ceiling for buying an hdb resale flat.
However if your combined household income is less than 12000 per month you have the option to apply for cpf housing grant. There is no income ceiling for hdb resale flat. This figure may rise up to 18000 for the extended familymulti generation family income ceiling if were applying for a 3gen flat. Singapore the housing and development board hdb will raise the income ceilings for the second time since 2011 for build to order bto flats and executive condominiums ecs said.
These include the fresh start housing scheme and the step up cpf housing grant. Your average gross monthly household income for the 12 months before your flat application must not exceed 9000.
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