15 Aug '11, 3am

New HDB income ceiling to take effect from Monday: Khaw

New HDB income ceiling to take effect from Monday: Khaw

There will be a record launch of 8,000 flats by HDB in September, National Development Minister Khaw Boon Wan announced on Monday. -- ST PHOTO: MUGILAN RAJASEGERAN By Jessica Cheam National Development Minister Khaw Boon Wan said the revised income ceiling will take immediate effect today. He also said there will be a record launch of 8,000 flats by HDB in September. Of these, 5,500 will be build-to-order flats, and 2,500 will be from sale of balance flats. The HDB has also raised the ceiling for elderly folk eligible for studio apartments from $8,000 to $10,000 and from $3,000 to $5,000 for singles to enjoy a housing grant. This grant is also raised from $11,000 currently to $15,000. Prime Minister Lee Hsien Loong had earlier announced the income ceiling changes at the National Day Rally on Sunday night. Please enable JavaScript to view the comments powered by Disqus. blo...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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