Written answer by MND on annual data on housing grants awarded to first time buyers of BTO and resale flat from 2018 to 2022
Jan 9, 2023
Question No: 2553
Question by: Mr Chua Kheng Wee Louis
To ask the Minister for National Development from 2018 to 2022, what are the 25th percentile, median, average and 75th percentile of dollar amounts of housing grants awarded to (i) first-time buyers of a HDB BTO flat and (ii) first-time buyers of resale HDB flat in each year.
Answer:
To ensure that HDB flats are affordable for first-timer buyers, the Government provides significant housing grants of up to $80,000 for new flat buyers, and up to $160,000 for resale flat buyers, with more help given to lower-income buyers. We last enhanced our grants in 2019, and review them regularly to ensure that flats remain affordable.
2 The 25th percentile, median and 75th percentile of housing grants provided to first-timer families for their purchases of BTO flats and resale flats between 2018 and 2022 are shown in Tables 1 and 2 respectively.
Table 1: Housing Grants for First-Timer Families* Buying BTO Flats
|
Year^
|
25thPercentile
|
Median
|
75thPercentile
|
|
2018
|
$15,000
|
$30,000
|
$55,000
|
|
2019
|
$15,000
|
$40,000
|
$55,000
|
|
2020
|
$25,000
|
$40,000
|
$50,000
|
|
2021
|
$25,000
|
$40,000
|
$55,000
|
|
2022
|
$25,000
|
$40,000
|
$55,000
|
Table 2: Housing Grants for First-Timer Families* Buying Resale Flat
|
Year^
|
25thPercentile
|
Median
|
75thPercentile
|
|
2018
|
$40,000
|
$55,000
|
$70,000
|
|
2019
|
$40,000
|
$60,000
|
$75,000
|
|
2020
|
$50,000
|
$75,000
|
$95,000
|
|
2021
|
$50,000
|
$70,000
|
$90,000
|
|
2022
|
$50,000
|
$70,000
|
$90,000
|
Notes: * Excludes couples who consist of a first timer and a second timer, resale transactions between related parties, resale of part share, etc.
^ New flat data is as at year of grant disbursement, while resale flat data is as at year of acceptance of resale application.