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Hello,

Here's how HDB typically handles income assessment in your scenario:

- HDB calculates income based on the average gross monthly income over the past 12 months or the actual monthly salary if the employment period is less than 12 months.
- Since you’re a fresh grad with only 2 months of work, HDB would use the current monthly salary of $5K for assessment.
- Your fiancée's lack of income as a student won't be counted, so only your $5K salary will be considered for government grants.
- If you wait until key collection in 4-5 years, HDB will reassess your income, and if it's higher, the grant eligibility might reduce accordingly.
- Applying earlier can secure a potentially higher grant if you expect your income to increase significantly in the future.

Thank you.

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HDB will require 12 months income for assessment of housing grant and HDB loan, thus if you submit for your HFE, you may see that your loan numbers and grant may not be helpful in giving you the choices of flats you are going for. Of course, given that the keys will only be coming in a few years, you should be able to do a reassessment of income by then. Do check with HDB for the details because as agents, we do not deal with BTO or SBF, thus can only answer you the very basic stuff. Read More

Hi, you can actually try applying for an HFE, which is a very simple process to see what is the outcome, and whether there is any chance for it to go through. There might even be a chance for you guys to get deferred income assessment.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

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HDB requires your income from the past 12 months to assess your housing grant and loan. When you submit your HFE, you might find that your loan and grant amounts won't provide many options for the flats you're interested in. Since you'll receive the keys in a few years, you can expect a reassessment of your income by that time. For more specific information, please check with HDB,

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