Data on Households That Paid for Purchase of HDB BTO Flats without Using Cash Payments

Debated in Parliament on 21 Apr 2023.

Summary written by AI (learn more)

Between 2018 and 2022, about nine in 10 BTO flat buyers with an HDB housing loan did not need to make any cash payment at key collection, a proportion that has remained stable over the last five years.
Approximately eight in 10 BTO buyers with an HDB loan were able to service their monthly mortgage entirely using their Central Provident Fund, with no cash outlay.
Among BTO buyers with an HDB loan who did not make cash payments, the flats purchased were mostly 4-room units (56%), followed by 5-room or 3Gen flats (21%), 3-room flats (12%), and 2-room Flexi flats (11%).

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Joan Pereira

Ms Joan Pereira asked the Minister for National Development in each of the last five years (a) how many households have paid for the purchase of their HDB BTO flats without using any cash payments; and (b) what are the types of flats which these households bought.

Desmond Lee

Between 2018 and 2022, around nine in 10 Build-To-Order (BTO) flat buyers who took up a Housing and Development Board (HDB) housing loan did not have to make any cash payment at key collection. About eight in 10 BTO flat buyers who took up an HDB housing loan were able to service their monthly mortgage instalments entirely by Central Provident Fund without any cash outlay. These proportions have remained relatively stable over the last five years.

Among these BTO flat buyers, about 11% bought a 2-room Flexi flat, 12% bought a 3-room flat, 56% bought a 4-room flat, and 21% bought a 5-room or 3Gen flat.

Summary written by AI (learn more)

Between 2018 and 2022, about nine in 10 BTO flat buyers with an HDB housing loan did not need to make any cash payment at key collection, a proportion that has remained stable over the last five years.
Approximately eight in 10 BTO buyers with an HDB loan were able to service their monthly mortgage entirely using their Central Provident Fund, with no cash outlay.
Among BTO buyers with an HDB loan who did not make cash payments, the flats purchased were mostly 4-room units (56%), followed by 5-room or 3Gen flats (21%), 3-room flats (12%), and 2-room Flexi flats (11%).

Questions identified by AI (learn more)

Data on Households That Paid for Purchase of HDB BTO Flats without Using Cash Payments | PAPERCUTS

Data on Households That Paid for Purchase of HDB BTO Flats without Using Cash Payments

Debated in Parliament on 21 Apr 2023.

Summary written by AI (learn more)

Between 2018 and 2022, about nine in 10 BTO flat buyers with an HDB housing loan did not need to make any cash payment at key collection, a proportion that has remained stable over the last five years.
Approximately eight in 10 BTO buyers with an HDB loan were able to service their monthly mortgage entirely using their Central Provident Fund, with no cash outlay.
Among BTO buyers with an HDB loan who did not make cash payments, the flats purchased were mostly 4-room units (56%), followed by 5-room or 3Gen flats (21%), 3-room flats (12%), and 2-room Flexi flats (11%).

Questions identified by AI (learn more)

Full Transcript

Joan Pereira

Desmond Lee

Among these BTO flat buyers, about 11% bought a 2-room Flexi flat, 12% bought a 3-room flat, 56% bought a 4-room flat, and 21% bought a 5-room or 3Gen flat.

Summary written by AI (learn more)

Between 2018 and 2022, about nine in 10 BTO flat buyers with an HDB housing loan did not need to make any cash payment at key collection, a proportion that has remained stable over the last five years.
Approximately eight in 10 BTO buyers with an HDB loan were able to service their monthly mortgage entirely using their Central Provident Fund, with no cash outlay.
Among BTO buyers with an HDB loan who did not make cash payments, the flats purchased were mostly 4-room units (56%), followed by 5-room or 3Gen flats (21%), 3-room flats (12%), and 2-room Flexi flats (11%).

Questions identified by AI (learn more)

Data on Households That Paid for Purchase of HDB BTO Flats without Using Cash Payments

Summary

Questions Identified

Full Transcript

Joan Pereira

Desmond Lee

Summary

Questions Identified

Data on Households That Paid for Purchase of HDB BTO Flats without Using Cash Payments

Summary

Questions Identified

Full Transcript

Joan Pereira

Desmond Lee

Summary

Questions Identified