Written Answer by Ministry of National Development on income ceiling of married couples purchasing resale flats close to parents
Jul 13, 2015
Mr Pritam Singh: To ask the Minister for National Development whether HDB will consider removing the income eligibility criteria for married couples who purchase a HDB resale flat close to their parents so as to allow more of such couples to qualify for the CPF Housing Grant for Families.
Answer:
First-timer families buying a resale flat to live with or near their parents or married child are eligible for the Higher-Tier CPF Housing Grant for Family of $40,000. The income ceiling of $10,000 is in place to ensure that housing subsidies are given to those who need more help. A higher income ceiling of $15,000 is set for extended families who buy a flat to live together. For families whose incomes have exceeded the limit but are in need of subsidised housing, we exercise flexibility and help them on a case-by-case basis.
As income levels have risen, we are reviewing the current income ceiling. But we are mindful that we must always give priority to those who need help most.