Dated worked example: Budget 2023. Grant amounts, eligibility, income ceilings, prices and financing assumptions must not be treated as current.
How to rebuild the affordability example today
- Confirm current grant eligibility for the household and property type.
- Use current income, CPF balances, savings and debt obligations.
- Apply prevailing loan limits, interest assumptions and stress tests.
- Include duties, renovation, insurance and emergency reserves.
- Compare multiple housing options rather than maximising the approved budget.
The original S$30,000 illustration is retained as historical context. A current decision requires a fresh HDB or lender assessment and household-specific advice.