HDB BTO Flats for Second-Time Buyers

Debated in Parliament on 14 Jan 2013.

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Gan Thiam Poh asked the Ministry for National Development about the timeline and proportion for increasing HDB BTO flats allocation for second-time buyers.
Khaw Boon Wan stated that the quota for second-timers in non-mature estates was increased from 5% to 15% in March, which improved their chances of securing a flat.
The Ministry plans to continue assisting second-timers, particularly those downgrading for financial reasons, but emphasized that any increase must not compromise first-timers’ success rates.

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Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for National Development (a) when will the Ministry complete its review of increasing the percentage of HDB BTO flats for second-timer buyers; and (b) what proportion of BTO flats for each launch is the Ministry looking at.

Page: 136

Khaw Boon Wan

Last March, we tripled the allocation quota for BTO flats in non-mature estates for second-timers from 5% to 15%. This has reduced the second-timer application rate in non-mature estates and enabled more second-timers to have better chances of getting a BTO flat.

We will continue to look into ways to help second-timers, especially those who are downgrading for financial reasons. However, we can only allocate more flats to second-timers if it does not affect the success rate for first-timers who have more urgent needs for housing.

Summary written by AI (learn more)

Gan Thiam Poh asked the Ministry for National Development about the timeline and proportion for increasing HDB BTO flats allocation for second-time buyers.
Khaw Boon Wan stated that the quota for second-timers in non-mature estates was increased from 5% to 15% in March, which improved their chances of securing a flat.
The Ministry plans to continue assisting second-timers, particularly those downgrading for financial reasons, but emphasized that any increase must not compromise first-timers’ success rates.

Questions identified by AI (learn more)

HDB BTO Flats for Second-Time Buyers | PAPERCUTS

HDB BTO Flats for Second-Time Buyers

Debated in Parliament on 14 Jan 2013.

Summary written by AI (learn more)

Gan Thiam Poh asked the Ministry for National Development about the timeline and proportion for increasing HDB BTO flats allocation for second-time buyers.
Khaw Boon Wan stated that the quota for second-timers in non-mature estates was increased from 5% to 15% in March, which improved their chances of securing a flat.
The Ministry plans to continue assisting second-timers, particularly those downgrading for financial reasons, but emphasized that any increase must not compromise first-timers’ success rates.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Page: 136

Khaw Boon Wan

Summary written by AI (learn more)

Gan Thiam Poh asked the Ministry for National Development about the timeline and proportion for increasing HDB BTO flats allocation for second-time buyers.
Khaw Boon Wan stated that the quota for second-timers in non-mature estates was increased from 5% to 15% in March, which improved their chances of securing a flat.
The Ministry plans to continue assisting second-timers, particularly those downgrading for financial reasons, but emphasized that any increase must not compromise first-timers’ success rates.

Questions identified by AI (learn more)

HDB BTO Flats for Second-Time Buyers

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Gan Thiam Poh

Khaw Boon Wan

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HDB BTO Flats for Second-Time Buyers

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Khaw Boon Wan

Summary

Questions Identified