Written answer by Ministry of National Development on data on households that paid for purchase of HDB BTO flats without using cash payments

Apr 21, 2023

Question No: 4421

Question by: Ms Joan Pereira

To ask 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 flat which these households bought.

Answer:

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

2        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.