Advertisement
Anonymous
Like the title, does BTO take into account my salary overseas during the BTO application? What if I exceed the income ceiling after conversion to SGD?
5
Discussion (5)
Learn how to style your text
Reply
Save
During the BTO application process, the Housing Development Board (HDB) will take into account your total household income, including your overseas salary. They will convert your overseas income to Singapore Dollars (SGD) for the purposes of the income assessment.
If your total household income, after converting your overseas salary to SGD, exceeds the income ceiling for BTO eligibility at the time of your application, then you would not be eligible for a BTO flat. The income ceiling is periodically reviewed and adjusted by the HDB!
Reply
Save
I've checked with HDB before, yes they do take into account pre-tax salary after conversion. However...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Yes your account salary still contribute to household right ?