The news that the income ceiling to qualify for an HDB flat was being raised had been expected, but it will still have an impact on the property market.
Here's what may happen now that sellers and buyers may be more active as the Ghost month comes to a close:
1. Demand for DBSS (Design, Build and Sell Scheme) flats might drop. DBSS flats were previously for those whose income exceeded S$8,000 but are below S$10,000. There is no longer this sandwiched class in the new ruling. Full story
