Will Raising the Ceiling for the HDB Income Affect Prices of Your Homes? Part 1 – Rent a Room, Property for Buy, Sale, Invest

During the National Day Rally speech, the Prime Minister of Singapore, Lee Hsien Loong, declared that the ceiling rates for the HDB build to order or BTO flats will increase to $10,000 from its current rate of $8,000. The executive condominium prices will also increase to $12,000 from its current rate of $10,000. For a couple to qualify in buying a BTO or Build to Order property from the HDB, a couple’s joined total income should be below $8,000 per month. This amount is about 20 to 30% lower than the amount of the prices for resale flats in Singapore. Read more ....

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