BTO income ceiling to be raised, singles eligibility age to be lowered when 'right conditions are in place': Sun Xueling
newsare.net
The Government will make changes to the income ceiling for couples and the eligibility age for singles applying for Build-To-Order (BTO) flats when sufficient conditions are met, said Senior Minister of State for National Development Sun Xueling.Speaking duriBTO income ceiling to be raised, singles eligibility age to be lowered when 'right conditions are in place': Sun Xueling
The Government will make changes to the income ceiling for couples and the eligibility age for singles applying for Build-To-Order (BTO) flats when sufficient conditions are met, said Senior Minister of State for National Development Sun Xueling.Speaking during the debate on the President's Address in Parliament on Sept 26, Sun said that policy space and a higher supply of BTO flats is needed before any changes to current policies can be made.Addressing the demand for public housing, she said that the Government is taking «active steps to ensure there is housing to meet the different needs of our people».Sun said that there is «strong broad-based housing demand» in «land scarce Singapore», highlighting young families who want their own homes and singles who want to live independently.BTO income ceilingIn particular, she recognised concerns over the current BTO income ceiling of $14,000, which was last revised in 2019, despite incomes having gone up over the years. Read more