Debated in Parliament on 2 Nov 2020.
Ms Nadia Ahmad Samdin asked the Minister for National Development what is the average percentage of families living in HDB rental flats who subsequently move on to HDB home ownership and how long does this typically take.
The number of public rental households who moved into their own homes per year has increased steadily from about 500 in 2013 to about 950 in 2019. The 950 households constituted about two percent of all public rental households in 2019. Their median length of stay in public rental was about seven years. Another 2,000 public rental households have booked a flat and are awaiting the completion of their new homes.
HDB will continue to actively support tenants who are financially ready to buy a flat, including advising them on the grants and schemes they can apply for. To further strengthen the support provided to tenants, HDB has also launched and enhanced the Fresh Start Housing Scheme, and established the Home ownership Support Team to closely guide public rental households in their home ownership journey. HDB will also continue to work in close partnership with MSF to provide coordinated support to rental tenants, including under ComLink.
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