Written Answer

HDB Flats with Outstanding Mortgage Loans

5 July 2023 · Ministry of National Development

Speakers

Chua Kheng Wee Louis Desmond Lee (Minister for National Development, Minister-in-charge of Social Services Integration)

Transcript

16 Mr Chua Kheng Wee Louis asked the Minister for National Development (a) what is the current number and percentage of HDB flats with outstanding mortgage loans; (b) what is the median and average loan balance outstanding, broken down by mortgage loans owed to (i) private financial institutions and (ii) HDB respectively.

Mr Desmond Lee: As of the first quarter of 2023, there are about 431,000 Housing and Development Board (HDB) households with an outstanding housing loan from HDB or financial institutions (FIs). They comprise 41% of all HDB households.

The breakdown of the outstanding loan balance among HDB households is in Table 1.