Written answer by Ministry of National Development on average amount of housing loan taken by buyers who paid more than one million dollars for HDB resale flats

Nov 7, 2023

Question No: 5096

Question by: Mr Gan Thiam Poh

To ask the Minister for National Development in the past three years, what is the average annual amount of housing loans taken by HDB resale flat buyers who have paid more than S$1 million for their flats.

Answer:

From 2020 to Sep 2023, the average HDB housing loan quantum taken by buyers who paid $1 million and above for their resale HDB flats is shown in Table 1.

Table 1: Average HDB housing loan quantum among buyers who paid S$1 million and above for their resale HDB flats

Note: Based on the year when the resale application was accepted. Figures are rounded off to the nearest hundred.