The Business Times
business-time-50
THE LEVEL GROUND

Budget wishes for housing: Raise income ceiling and drop mortgage servicing ratio for executive condos

Affordability of new ECs can be challenging based on monthly income of S$16,000

Summarise
google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Feb 3, 2025 · 01:01 PM
    • While many young local couples can buy new homes at subsidised prices from the HDB, those who bust the monthly household income ceiling of S$14,000 will have to look at other options.
    • While many young local couples can buy new homes at subsidised prices from the HDB, those who bust the monthly household income ceiling of S$14,000 will have to look at other options. PHOTO: BT FILE

    YOUNG Singaporeans can consider themselves fortunate – buying a subsidised Housing and Development Board (HDB) flat gives them a good home to live in that will appreciate in value.

    The HDB will supply about 19,600 Build-To-Order (BTO) flats across three sales exercises in 2025. Together with over 5,500 Sale of Balance Flats, the HDB will launch over 25,000 new flats this year.

    Among the BTO flats to be launched this year, 3,800 will have a waiting time of under three years, up from 2,876 such flats offered in 2024.

    Executive condo (EC)Singapore residential propertySingapore Budget 2025The Level Ground

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More