Children Listed as Co-Lessees for Their Parents' HDB Flats

Debated in Parliament on 4 Aug 2014.

Summary written by AI (learn more)

Zainal Sapari inquired if children listed as co-lessees for their parents' HDB flats to assist with mortgage payments would not be counted as having used an HDB concessionary loan when purchasing their own homes.
Khaw Boon Wan clarified that these children are permitted to take a second HDB concessionary loan for their own flat purchase.
The exchange highlights policy considerations for family support in housing affordability while maintaining loan eligibility for subsequent home purchases.

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Zainal Sapari

Mr Zainal Sapari asked the Minister for National Development whether HDB can consider children who include their names as co-lessees of their parents' HDB flat to help with mortgage payments, will not be considered as having taken up HDB concessionary loans should they decide to buy their own homes subsequently.

Khaw Boon Wan

Such children are allowed to take a second Housing and Development Board concessionary loan, should they decide to buy their own flat.

Page: 107

Summary written by AI (learn more)

Zainal Sapari inquired if children listed as co-lessees for their parents' HDB flats to assist with mortgage payments would not be counted as having used an HDB concessionary loan when purchasing their own homes.
Khaw Boon Wan clarified that these children are permitted to take a second HDB concessionary loan for their own flat purchase.
The exchange highlights policy considerations for family support in housing affordability while maintaining loan eligibility for subsequent home purchases.

Questions identified by AI (learn more)

Children Listed as Co-Lessees for Their Parents' HDB Flats | PAPERCUTS

Children Listed as Co-Lessees for Their Parents' HDB Flats

Debated in Parliament on 4 Aug 2014.

Summary written by AI (learn more)

Zainal Sapari inquired if children listed as co-lessees for their parents' HDB flats to assist with mortgage payments would not be counted as having used an HDB concessionary loan when purchasing their own homes.
Khaw Boon Wan clarified that these children are permitted to take a second HDB concessionary loan for their own flat purchase.
The exchange highlights policy considerations for family support in housing affordability while maintaining loan eligibility for subsequent home purchases.

Questions identified by AI (learn more)

Full Transcript

Zainal Sapari

Khaw Boon Wan

Such children are allowed to take a second Housing and Development Board concessionary loan, should they decide to buy their own flat.

Page: 107

Summary written by AI (learn more)

Zainal Sapari inquired if children listed as co-lessees for their parents' HDB flats to assist with mortgage payments would not be counted as having used an HDB concessionary loan when purchasing their own homes.
Khaw Boon Wan clarified that these children are permitted to take a second HDB concessionary loan for their own flat purchase.
The exchange highlights policy considerations for family support in housing affordability while maintaining loan eligibility for subsequent home purchases.

Questions identified by AI (learn more)

Children Listed as Co-Lessees for Their Parents' HDB Flats

Summary

Questions Identified

Full Transcript

Zainal Sapari

Khaw Boon Wan

Summary

Questions Identified

Children Listed as Co-Lessees for Their Parents' HDB Flats

Summary

Questions Identified

Full Transcript

Zainal Sapari

Khaw Boon Wan

Summary

Questions Identified