Data on Housing Grants Awarded to First-time Buyers of BTO and Resale Flat

Debated in Parliament on 9 Jan 2023.

Summary written by AI (learn more)

The Minister confirmed significant housing grants are available, with up to $80,000 for BTO flats and $160,000 for resale flats for first-time buyers, last enhanced in 2019 and reviewed regularly for affordability.
Specific percentile data on grant amounts for first-time BTO and resale flat buyers from 2018 to 2022 were provided in Tables 1 and 2, as requested by the MP.
The grants are structured to provide more assistance to lower-income buyers, ensuring broad affordability across different income segments.

Questions identified by AI (learn more)

Full Transcript

Chua Kheng Wee Louis

Mr Chua Kheng Wee Louis asked the Minister for National Development from 2018 to 2022, what are the 25th percentile, median, average and 75th percentile of dollar amounts of housing grants awarded to (i) first-time buyers of a HDB BTO flat and (ii) first-time buyers of resale HDB flat in each year.

Desmond Lee

To ensure that the Housing and Development Board (HDB) flats are affordable for first-timer buyers, the Government provides significant housing grants of up to $80,000 for new flat buyers and up to $160,000 for resale flat buyers, with more help given to lower-income buyers. We last enhanced our grants in 2019 and review them regularly to ensure that flats remain affordable.

The 25th percentile, median and 75th percentile of housing grants provided to first-timer families for their purchases of Build-To-Order (BTO) flats and resale flats between 2018 and 2022 are shown in Tables 1 and 2 respectively.

Summary written by AI (learn more)

The Minister confirmed significant housing grants are available, with up to $80,000 for BTO flats and $160,000 for resale flats for first-time buyers, last enhanced in 2019 and reviewed regularly for affordability.
Specific percentile data on grant amounts for first-time BTO and resale flat buyers from 2018 to 2022 were provided in Tables 1 and 2, as requested by the MP.
The grants are structured to provide more assistance to lower-income buyers, ensuring broad affordability across different income segments.

Questions identified by AI (learn more)

Data on Housing Grants Awarded to First-time Buyers of BTO and Resale Flat | PAPERCUTS

Data on Housing Grants Awarded to First-time Buyers of BTO and Resale Flat

Debated in Parliament on 9 Jan 2023.

Summary written by AI (learn more)

The Minister confirmed significant housing grants are available, with up to $80,000 for BTO flats and $160,000 for resale flats for first-time buyers, last enhanced in 2019 and reviewed regularly for affordability.
Specific percentile data on grant amounts for first-time BTO and resale flat buyers from 2018 to 2022 were provided in Tables 1 and 2, as requested by the MP.
The grants are structured to provide more assistance to lower-income buyers, ensuring broad affordability across different income segments.

Questions identified by AI (learn more)

Full Transcript

Chua Kheng Wee Louis

Desmond Lee

Summary written by AI (learn more)

The Minister confirmed significant housing grants are available, with up to $80,000 for BTO flats and $160,000 for resale flats for first-time buyers, last enhanced in 2019 and reviewed regularly for affordability.
Specific percentile data on grant amounts for first-time BTO and resale flat buyers from 2018 to 2022 were provided in Tables 1 and 2, as requested by the MP.
The grants are structured to provide more assistance to lower-income buyers, ensuring broad affordability across different income segments.

Questions identified by AI (learn more)

Data on Housing Grants Awarded to First-time Buyers of BTO and Resale Flat

Summary

Questions Identified

Full Transcript

Chua Kheng Wee Louis

Desmond Lee

Summary

Questions Identified

Data on Housing Grants Awarded to First-time Buyers of BTO and Resale Flat

Summary

Questions Identified

Full Transcript

Chua Kheng Wee Louis

Desmond Lee

Summary

Questions Identified