Tweak HDB income ceiling to help sandwiched couples buy BTO flats
I refer to the report “Attractive pricing draws strong interest at property launches” (July 25).
I refer to the report “Attractive pricing draws strong interest at property launches” (July 25).
That the executive condominium in Hougang sold out in seven hours could signal a need to tweak the Housing and Development Board’s (HDB’s) income ceiling upwards, to help more sandwiched couples buy Build-To-Order flats, as private condominiums are beyond their reach.
With more couples getting hitched later in life, their combined incomes could surpass the HDB criterion by the time they are ready to settle down. Such couples could also add to the pool of active residents contributing their services to the betterment of the HDB estate environment.