Observers say new housing grant 'should come with income cap'
Civil servant Titus Seah, 26, and his girlfriend are rethinking their flat application after the National Day Rally.
This is because Prime Minister Lee Hsien Loong had announced a new grant of up to $20,000 for buyers of three- and four-room flats. Previously, this Special Central Provident Fund (CPF) Housing Grant was only for low- income buyers of small flats.
Mr Seah and his girlfriend, who together earn $7,000 a month, say that could make a difference to their flat purchase.
"Twenty thousand dollars is a significant subsidy and it would sway our decision to buying a four-room instead of a five-room flat," he said.