25 Jun '15, 10am

What do you think? #8DollarHeartbypass #KhawBoonWan

What do you think? #8DollarHeartbypass #KhawBoonWan

National Development Minister Khaw Boon Wan was on MediaCorp’s Chinese-language station Capital 95.8FM for a live radio talk show on June 23, 2015. While on it, Khaw announced the most recent populist policy where the Housing and Development Board (HDB) will raise the income ceilings for Build-To-Order (BTO) flats and Executive Condominiums (ECs) — echoing his earlier hint in March 2015. Currently, the income ceilings for BTO flats and ECs are S$10,000 and S$12,000, respectively. In August 2011, these were each raised by S$2,000 — some 17 years after the limits were previously revised. According to Khaw, this is due to the fact that income levels have increased over the last four years, where about 80 per cent of Singaporeans meet the existing BTO income ceiling. Median monthly household income from work was S$8,292 last year, up from S$7,037 in 2011, based on data from th...

Full article: http://mothership.sg/2015/06/khaw-boon-wan-staying-in-hdb...

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