The income ceiling for Build-To-Order (BTO) flats will rise to $16,000 a month for families and $8,000 for singles, up from $14,000 and $7,000, respectively. Meanwhile, the ceiling for buyers of new Executive Condominiums (ECs) will be raised to $18,000 from $16,000, Singapore Prime Minister Lawrence Wong said in his National Day Rally speech on August 23.
Explaining t...