those who can buy, mai tu liao....
those who cant, start clocking the 30mths wait
Income ceiling raised to S$12,000 for all ECs
11:09 AM Sep 14, 2011
SINGAPORE - The Ministry of National Development has announced that with immediate effect, the revised income ceiling of S$12,000 will apply to all Executive Condominiums (ECs), regardless of their launch date.
In a statement released this morning, the MND said: "On Aug 15, we raised the monthly income ceiling to purchase new ECs from S$10,000 to S$12,000 for EC projects which were launched for public sale from Aug 15.
"Our intent was to ensure that the income ceiling would be applied consistently within each EC project.
"We have, however, received many appeals to apply the revised income ceiling of $12,000 to all EC projects, regardless of their launch date for public sale. If approved, this will enable homebuyers to enjoy a wider selection of EC units across projects and locations.
"MND has reviewed the public feedback and agreed that the suggestion was sound. With immediate effect, the revised income ceiling of S$12,000 will apply to all EC projects. At the moment, five EC projects which were launched before Aug 15 still hold about 600 unsold units.
"Potential EC buyers will benefit from a wider choice."