National Development Minister Chee Hong Tat on housing measures announced at National Day Rally

Some property analysts are expecting a modest rise of up to 10% in Build-to-Order housing applications this November. This, after the government announced that the household income ceiling will go up from S$14,000 to S$16,000. Experts say bigger units and Plus or Prime properties could be affected. Market watchers see room for prices in the resale market to ease, as the government is on track to exceed its target of 55,000 new BTO flats by 2027. During the National Day Rally, Prime Minister Lawrence Wong announced that more Singaporeans will qualify for subsidised housing as income ceilings are raised and families with children receive more ballot chances. National Development Minister Chee Hong Tat was in the studio to share more about the rationale behind the latest measures.