HDB Homes with Mortgages Financed by Commercial Banks

Debated in Parliament on 4 Oct 2022.

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Sitoh Yih Pin asked the Prime Minister for the percentage of HDB homes with mortgages financed by commercial banks.
Tharman Shanmugaratnam, responding for the Prime Minister, stated that as of the second half of 2022, 42% of HDB households had outstanding mortgage loans.
Of these households with mortgages, 63% were financed by HDB and the remaining 37% by financial institutions such as commercial banks.

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Sitoh Yih Pin

Mr Sitoh Yih Pin asked the Prime Minister what is the current percentage of HDB homes with mortgages that are financed by commercial banks.

Tharman Shanmugaratnam (for the Prime Minister)

As at the second half of 2022, 42% of all households who live in Housing and development Board (HDB) homes have outstanding mortgage loans. Of these, 63% were granted by HDB and the remaining 37% by financial institutions (FIs).

HDB Homes with Mortgages Financed by Commercial Banks | PAPERCUTS

HDB Homes with Mortgages Financed by Commercial Banks

Debated in Parliament on 4 Oct 2022.

Summary written by AI (learn more)

Sitoh Yih Pin asked the Prime Minister for the percentage of HDB homes with mortgages financed by commercial banks.
Tharman Shanmugaratnam, responding for the Prime Minister, stated that as of the second half of 2022, 42% of HDB households had outstanding mortgage loans.
Of these households with mortgages, 63% were financed by HDB and the remaining 37% by financial institutions such as commercial banks.

Questions identified by AI (learn more)

Full Transcript

Sitoh Yih Pin

Mr Sitoh Yih Pin asked the Prime Minister what is the current percentage of HDB homes with mortgages that are financed by commercial banks.

HDB Homes with Mortgages Financed by Commercial Banks

Summary

Questions Identified

Full Transcript

Sitoh Yih Pin

Tharman Shanmugaratnam (for the Prime Minister)

Summary

Questions Identified

HDB Homes with Mortgages Financed by Commercial Banks

Summary

Questions Identified

Full Transcript

Sitoh Yih Pin

Tharman Shanmugaratnam (for the Prime Minister)

Summary

Questions Identified