More flat buyers? Supply can be tweaked
Khaw: Govt's control means higher income ceiling will not result in more competition
Applicants for new Housing Board flats and executive condominiums (ECs) need not worry about greater competition now that the income ceiling has been raised, as supply can be tweaked accordingly, National Development Minister Khaw Boon Wan said yesterday.Mr Khaw was responding to concerns about whether the higher income limit would create more competition, as more buyers qualify to apply for Build-to-Order (BTO) flats and ECs. From yesterday, the income ceiling for Singaporean households to buy new flats and ECs was raised by $2,000, to $12,000 and $14,000 respectively.
The Straits Times/ Top of The News Published on Tuesday, 25 August 2015 By Yeo Sam Jo More flat buyers? Supply can be tweaked