16 Jun '11, 4am

Khaw Boon Wan may revise BTO income ceiling

SINGAPORE: National Development Minister Khaw Boon Wan said the rising age of first time Build-to-Order (BTO) applicants justifies revising the HDB income ceiling. Writing in his blog, Mr Khaw said first-time applicants who applied under HDB's Fiancé-Fiancée Scheme for BTO projects launched in May had a median age of 27. And other first-timers - such as those already married - had a median age of 34. In May, former National Development Minister Mah Bow Tan hinted that the income ceiling for BTO flats could be raised to S$10,000. He had said then that the review will be conducted after the election and is expected to be completed within six months. In a detailed breakdown of applicants for May's BTO exercise, Mr Khaw said about 40 per cent of first-timers applied under the Married Child Priority Scheme to live near their parents. Mr Khaw said the ministry must be mindful of...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

Tweets

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