NDR 2026: Demand in November BTO exercise set to rise with higher income ceiling, say analysts
The changes may not necessarily draw buyers away from the HDB resale market, analysts said.
Singapore's National Day Rally announced a rise in the monthly household income ceiling for Build-to-Order (BTO) flats, increasing from S$14,000 to S$16,000. This change aims to ensure that most Singaporeans can access subsidised public housing. Although analysts expect a higher demand for BTO flats in the November exercise due to the wider pool of eligible buyers, the change may not divert many buyers away from the resale HDB market, as resale flats cater to various buyer types.
The new income ceilings may also lead to higher loan amounts and lower cash expenditure for HDB flat purchases, benefiting households financially. While the demand for BTO flats could potentially increase, the supply of BTO flats, especially in popular estates, will determine if this demand is sustained.
Written by urgent.news from CNA - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
