facebooktwitterSingapore Promotions

Advertisement

HomeOngoing Sales(238)Started Today(7)Upcoming(29)Ends Today(10)CalendarSubmitForums
search
advertisement



browse sales
starts today
ending today
starts tomorrow
don't miss

e-mail subscription (FREE)

E-mail is sent ONCE per day.
You can also follow us on Facebook and Twitter
FILED IN: Housing, News

Executive Condominium (EC) Income Ceiling Raised For All EC Projects 14 Sep 2011

Press release from MN on the revised income ceiling of $12,000 to apply to all EC projects from immediate effect:

On 15 Aug 2011, we raised the monthly income ceiling to purchase new Executive Condominiums (ECs) from $10,000 to $12,000, for EC projects which were launched for public sale from 15 Aug 2011. Our intent was to ensure that the income ceiling would be applied consistently within each EC project.

We have, however, received many appeals to apply the revised income ceiling of $12,000 to all EC projects, regardless of their launch date for public sale. If approved, this will enable homebuyers to enjoy a wider selection of EC units across projects and locations.

MND has reviewed the public feedback and agreed that the suggestion was sound. With immediate effect, the revised income ceiling of $12,000 will apply to all EC projects. At the moment, five EC projects which were launched before 15 Aug 2011 still hold about 600 unsold units (details of these projects can be viewed on the HDB InfoWeb). Potential EC buyers will benefit from a wider choice.

Advertisement

Related News

This entry was posted in Housing, News. Bookmark the permalink.

Add your comment

Share your experience. For any feedback of the promotion or article, we suggest contacting the company directly as the comments are not always monitored.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Advertisement




© 2010-2014 Singapore Promotions. All rights reserved. forums privacy policy about advertise submit news
Disclaimer: The information and materials contained in this Website are provided "as is" and are to be used only as a reference. Whilst every effort is made to ensure that the information and materials are correct, we do not warrant their accuracy, adequacy or completeness and expressly disclaim any liability for any errors or omissions in the information or materials. By accessing this Website you agree that SINGPROMOS.COM will not be liable for any direct, indirect, or consequential loss arising from the use of the information contained either here or in external links. FULL DISCLAIMER