Oral Answer by Ministry of National Development on assistance for flat owners with HDB loans who are in arrears

Nov 5, 2019

Mr Gan Thiam Poh: To ask the Minister for National Development whether HDB flat owners who approach HDB for financial assistance on their mortgage loans will be screened for visits to casinos and, if not, why.

Answer:

HDB has a range of measures to assist flat owners with HDB loans who are in mortgage arrears. These include short-term measures such as the temporary reduction or deferment of mortgage payments, and longer-term measures such as extending their loan tenure if possible. HDB also provides one-to-one financial counselling for mortgagors in arrears, to tailor HDB’s advice and assistance based on the household’s circumstances. 

As HDB does not withhold assistance from flat owners on the basis of casino visits, HDB does not screen for this when mortgagors approach them for assistance on their HDB loans.