Reviewing Income Ceiling for Executive Condominiums

78 Assoc Prof Jamus Jerome Lim asked the Minister for National Development given the small $2,000 differential in monthly income cap for couples applying for BTO flats versus Executive Condominium, (a) whether HDB will consider raising the income cap of one or the other or both to better align with rising household incomes of the top quintile; and (b) whether HDB will institute periodic increases for income ceilings to align with nominal wage changes.

79 Mr Abdul Muhaimin Abdul Malik asked the Minister for National Development given the rising prices of Executive Condominiums (EC), whether HDB will review the current income ceiling for EC eligibility to ensure that they remain accessible to their intended group of middle-income households.

Mr Chee Hong Tat: The current monthly household income ceilings for subsidised flats sold by the Housing and Development Board (HDB) and executive condominium units sold by property developers are $14,000 and $16,000 respectively.

This Government will continue to ensure that public housing remains affordable and accessible for Singaporeans. I had indicated in August 2025 that the Ministry of National Development and HDB are reviewing the income ceilings, and we will provide an update when ready.