In a time of soaring housing prices, the $16k income ceiling for buyers of Executive Condominiums (ECs) seems outdated. A thorough analysis sheds light on the alarming rise in EC prices, prompting a call to raise the income ceiling. Is it time to revisit this policy and provide greater access to affordable housing for the middle-income population?
Singapore – Aspiring homeowners in the Lion City are buzzing with excitement as the new eligibility criteria for buying Executive Condos (EC) have been unveiled. The Income Ceiling Eligibility requirement and the estimated earnings needed to afford an EC have left buyers eager to crunch the numbers and plan their path towards their dream home. Stay tuned for an in-depth analysis on how the changes will impact Singapore’s property market in 2023.