Tuesday, September 6, 2011

New income ceiling - $12,000

Proof of Income for Arc at Tampines or any other upcoming ECs:

Employed Person

Assessment is based on average monthly gross income of Latest 3 months Payslips (excluding income earned from overtime work) which includes allowances (fixed/variable) received on a regular basis (e.g. transport, food, laundry, uniform, etc).
  • Bonuses will not form part of the assessment and will be excluded

Commission-Based Persons

Assessment is based on the average monthly gross income of Latest 12 months Payslips
  • Bonuses will not form part of the assessment and will be excluded


Unemployed Persons*

Proof of unemployment
  • Statutory Declaration* to declare the employment status 
  • If the applicants and occupiers are unemployed for fewer than 3 months, the average income will be computed based on the number of actual months he/she has worked.
Self-employed Persons*

Assessment is based on the average monthly gross income of the Latest Notice of Assessment for the Year
  • Bonuses will not form part of the assessment and will be excluded
  • Statutory Declaration* to declare the self-employment status


*Statutory Declaration may be executed at the Sales Office at HDB Hub or any HDB Branch Offices.

CPF Housing Grant

Monthly Household Income
SC/SC Household
SC/SPR Household
Half-Housing Grant

Not more than
$10,000

$30,000
$20,000
$15,000

More than
$10,001 to $11,000

$20,000
$10,000
$10,000

More than
$11,001 to $12,000

$10,000

-


$5,000


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