Written answer by MND on proportion of HDB owners who made full repayment of HDB mortgage loans ahead of loan tenure

Feb 22, 2023

Question No: 2716

Question by: Mr Leong Mun Wai

To ask the Minister for National Development

(a) since 2010, what is the proportion of HDB flat owners who have taken out HDB loans and have made full repayment of their mortgage loans ahead of their loan tenure; and

(b) how does this figure compare with the earlier cohorts of HDB flat owners who took out HDB loans.

Answer:

Among the households that took an HDB loan from 2010 to 2022 and have redeemed their housing loan, about 86% of them have redeemed their housing loan ahead of the loan tenure. Among the households that took an HDB loan from 1997 to 2009 and have redeemed their housing loan, about 83% of them have redeemed their housing loan ahead of the loan tenure.