Improved Chances in Additional Ballot for BTO Flats for First-time Buyers who had Failed Attempts

Debated in Parliament on 4 Nov 2019.

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Gan Thiam Poh asked about the effectiveness of the current additional ballot chance for first-timers who fail to secure a BTO flat and suggested increasing chances by 20% per attempt.
Lawrence Wong explained that first-timer families receive two ballot chances initially and an extra chance after failing twice in non-mature estates.
He noted that virtually all first-timer families succeed within three tries for BTO flats in non-mature estates.
The government will continue reviewing policies to ensure HDB flats remain accessible to first-timer families.
No immediate changes were announced, but the policy’s success was highlighted as a reason for its continuation.

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Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for National Development (a) how effective has the current grant of an additional ballot chance for each failed attempt by a first-timer in securing a BTO flat been; and (b) whether HDB will review and consider alternatives such as the improvement of chances by multiples of 20% for each attempt so that the applicants will have almost guaranteed success after more than three attempts.

Lawrence Wong

Currently, first-timer families are given two ballot chances when HDB shortlists flat applicants to book a flat. Those who have been unsuccessful in two attempts for BTO flats in the non-mature estates will be given an additional ballot chance at their subsequent application for a BTO flat in the non-mature estates. As a result, in recent years, virtually all first-timer families have been successful within their first three tries for a BTO flat in the non-mature estates. We will continue to review and update our policies where necessary to ensure that new HDB flats remain accessible to all first-timer families.

Summary written by AI (learn more)

Gan Thiam Poh asked about the effectiveness of the current additional ballot chance for first-timers who fail to secure a BTO flat and suggested increasing chances by 20% per attempt.
Lawrence Wong explained that first-timer families receive two ballot chances initially and an extra chance after failing twice in non-mature estates.
He noted that virtually all first-timer families succeed within three tries for BTO flats in non-mature estates.
The government will continue reviewing policies to ensure HDB flats remain accessible to first-timer families.
No immediate changes were announced, but the policy’s success was highlighted as a reason for its continuation.

Questions identified by AI (learn more)

Improved Chances in Additional Ballot for BTO Flats for First-time Buyers who had Failed Attempts | PAPERCUTS

Improved Chances in Additional Ballot for BTO Flats for First-time Buyers who had Failed Attempts

Debated in Parliament on 4 Nov 2019.

Summary written by AI (learn more)

Gan Thiam Poh asked about the effectiveness of the current additional ballot chance for first-timers who fail to secure a BTO flat and suggested increasing chances by 20% per attempt.
Lawrence Wong explained that first-timer families receive two ballot chances initially and an extra chance after failing twice in non-mature estates.
He noted that virtually all first-timer families succeed within three tries for BTO flats in non-mature estates.
The government will continue reviewing policies to ensure HDB flats remain accessible to first-timer families.
No immediate changes were announced, but the policy’s success was highlighted as a reason for its continuation.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Lawrence Wong

Summary written by AI (learn more)

Gan Thiam Poh asked about the effectiveness of the current additional ballot chance for first-timers who fail to secure a BTO flat and suggested increasing chances by 20% per attempt.
Lawrence Wong explained that first-timer families receive two ballot chances initially and an extra chance after failing twice in non-mature estates.
He noted that virtually all first-timer families succeed within three tries for BTO flats in non-mature estates.
The government will continue reviewing policies to ensure HDB flats remain accessible to first-timer families.
No immediate changes were announced, but the policy’s success was highlighted as a reason for its continuation.

Questions identified by AI (learn more)

Improved Chances in Additional Ballot for BTO Flats for First-time Buyers who had Failed Attempts

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Lawrence Wong

Summary

Questions Identified

Improved Chances in Additional Ballot for BTO Flats for First-time Buyers who had Failed Attempts

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Lawrence Wong

Summary

Questions Identified