Written answer by MND on annual data of household incomes and BTO price to household income ratio for first timer families who collected keys to their BTO flats from 2018 to 2022
Jan 9, 2023
Question No: 2552
Question by: Mr Chua Kheng Wee Louis
To ask the Minister for National Development for first-timer families who had successfully selected a HDB BTO flat, what are the 25th percentile, median, average and 75th percentile (i) household incomes and (ii) BTO price to household income ratios for such families in each year from 2018 to 2022.
Answer:
The household incomes of first-timer families who collected keys to their Build-To-Order (BTO) flats, and the BTO house price-to-income (HPI) ratio for these families, from 2018 to 2022, are in tables 1A and 1B.
Table 1A: Summary Statistics of First-timer Families Who Collected Keys to their BTO flats
|
Year
|
Household Income of First-timer Families
|
|
25th percentile
|
Median
|
Average
|
75th percentile
|
|
2018
|
$4,400
|
$6,000
|
$6,400
|
$8,100
|
|
2019
|
$5,000
|
$6,800
|
$7,200
|
$9,000
|
|
2020
|
$5,300
|
$7,300
|
$7,700
|
$9,500
|
|
2021
|
$5,700
|
$7,500
|
$8,000
|
$9,800
|
|
2022
(Q1 – Q3)
|
$5,600
|
$7,700
|
$8,300
|
$10,300
|
Notes:
[1] Data based on applicants’ incomes as at point of key collection.
[2] Data includes applicants who took a HDB loan.
[3] Income figures rounded to nearest hundred.
Table 1B: HPI (after grants) of First-Timer Families Who Collected Keys to their BTO flats
|
Year
|
HPI (after grants) of First-Timer Families at different income percentiles
|
|
25th percentile
|
Median
|
Average
|
75th percentile
|
|
2018
|
3.4
|
4.2
|
4.6
|
5.4
|
|
2019
|
3.3
|
4.1
|
4.4
|
5.2
|
|
2020
|
3.3
|
4.2
|
4.6
|
5.3
|
|
2021
|
3.2
|
4.1
|
4.4
|
5.1
|
|
2022
(Q1 – Q3)
|
2.9
|
3.7
|
4.0
|
4.8
|
Notes:
[1] Data based on applicants’ incomes as at point of key collection.
[2] Data includes applicants who took a HDB loan.