Property Views

[TheAnswer]

What is the current income ceiling for HDB? I’m outdated.

[Ikid]

Your average gross monthly household income must not exceed $10,000

If you are buying a flat with your extended family, your average gross monthly household income must not exceed $15,000 (For 4-room & above)

[TheAnswer]

Ikid:

Your average gross monthly household income must not exceed $10,000

If you are buying a flat with your extended family, your average gross monthly household income must not exceed $15,000 (For 4-room & above)

For EC or HDB? I outdated liao..

[Ikid]

For EC, income must not exceed $12,000.

EC, only after 10 years you can sell to non Singaporean.
And you must not own private property if you want to buy EC.

[TheAnswer]

Ikid:

For EC, income must not exceed $12,000.

EC, only after 10 years you can sell to non Singaporean.
And you must not own private property if you want to buy EC.

Then why ppl rush to buy EC? If buy HDB resale, got income ceiling?

[Ikid]

EC still more affordable than a 99-year condo, has condo facilities.

ECs are for HDB upgraders as well as for those who can’t buy HDB due to high income.
After 5 years, can sell to Singaporeans
HDB resale, I don’t think there’s any income ceiling.
Morever, 1st timer have housing grant hor

[sleepy]

Extended family referring to?

[Ikid]

sleepy:

Extended family referring to?

Likely to be parents or parents-in law or siblings.

[TheAnswer]

Ikid:

EC still more affordable than a 99-year condo, has condo facilities.

ECs are for HDB upgraders as well as for those who can't buy HDB due to high income.
After 5 years, can sell to Singaporeans
HDB resale, I don't think there's any income ceiling.
Morever, 1st timer have housing grant hor

Thanks.
Just wondering if we sell our HDB, can buy resale for retirement anot.. Hence the questions.

[lee_yl]

There appears to be an over supply of ECs.


To those who commit an new EC as their first property, there are many conditions and considered to forfeit one chance for govt housing subsidy. Resale levy of $55K if later wish to get a new HDB flat (can only apply flat 30 months after disposing EC). Can read up on HDB website.

To purchase resale EC, the profit margin will be much slimmer than those who got it directly from the developer (especially those who took the 1st timer grant).