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Hi. Me and hubby are Singaporeans and we live and work overseas. We would like to settle down in SG and get a HDB BTO before moving back. I understand that in order to purchase a 3/4room BTO, there is an income ceiling. Does HDB use our current overseas income for this or is it classified as no income. We do not work for any SG companies. Thank you.
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2 Answers

Robbie Chen Chee Howe
Hi Mdm,

Yes, you're right. The income ceiling is capped at $14k per month. And overseas income is also considered as household income.

If your household income exceeds this figure, you may wish to consider HDB resale flat, or even private condominium.

Do take note that should you be eligible and be successful in your ballotting, you can only move into your BTO flat in ard 5-6 years time, as construction has been delayed due to Covid situation. Is that part of your plans to only move back to Singapore in 5-6 years time?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi
For BTO, household income ceiling for families/couple will be $14,000 while single will be $7,000. For those working overseas, HDB would use their overseas income to determine their salaries. HDB will ask for oversea payslip,employment pass and overseas income tax returns as a means of verification. I am specialised in HDB transactions. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
CEA Reg No: R0616-07B
Contact No: 93375051 
ERA Realty Network Pte Ltd Read More
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