Update on Goal to Keep House Price-to-Income Ratio of Four for HDB BTO Flat Buyers

Ms Hazel Poa asked whether the government still aims for a House Price-to-Income ratio of four for HDB BTO flat buyers, a goal first announced in 2013.
Minister Desmond Lee affirmed the government’s commitment to housing affordability and stated they monitor a range of indicators, including the Mortgage Servicing Ratio (MSR), which is considered a better measure than the HPI.
The government adjusts subsidies as needed to keep BTO flat prices affordable, and over 90% of first-timer families with HDB loans had an MSR below 25% last year, indicating manageable mortgage payments.

Ms Hazel Poa asked whether the government still aims for a House Price-to-Income ratio of four for HDB BTO flat buyers, a goal first announced in 2013.
Minister Desmond Lee affirmed the government’s commitment to housing affordability and stated they monitor a range of indicators, including the Mortgage Servicing Ratio (MSR), which is considered a better measure than the HPI.
The government adjusts subsidies as needed to keep BTO flat prices affordable, and over 90% of first-timer families with HDB loans had an MSR below 25% last year, indicating manageable mortgage payments.

Ms Hazel Poa asked whether the government still aims for a House Price-to-Income ratio of four for HDB BTO flat buyers, a goal first announced in 2013.
Minister Desmond Lee affirmed the government’s commitment to housing affordability and stated they monitor a range of indicators, including the Mortgage Servicing Ratio (MSR), which is considered a better measure than the HPI.
The government adjusts subsidies as needed to keep BTO flat prices affordable, and over 90% of first-timer families with HDB loans had an MSR below 25% last year, indicating manageable mortgage payments.

Ms Hazel Poa asked whether the government still aims for a House Price-to-Income ratio of four for HDB BTO flat buyers, a goal first announced in 2013.
Minister Desmond Lee affirmed the government’s commitment to housing affordability and stated they monitor a range of indicators, including the Mortgage Servicing Ratio (MSR), which is considered a better measure than the HPI.
The government adjusts subsidies as needed to keep BTO flat prices affordable, and over 90% of first-timer families with HDB loans had an MSR below 25% last year, indicating manageable mortgage payments.

Summary