Impact of Lowered Loan-to-value Limit on Aspiring Home Owners Transitioning from Rental Housing to Purchasing Flats

36 Mr Yip Hon Weng asked the Minister for National Development (a) what is the expected impact of the lowered loan-to-value (LTV) limit on aspiring home owners transitioning from rental housing to purchasing a flat; (b) of the lower-income households who may be handicapped or disadvantaged by the new LTV limit, how many are eligible for the increased maximum grant amount of S$120,000 under the Enhanced CPF Housing Grant; and (c) of those who are ineligible, what is being done to minimise the impact of the lowered LTV limit on them.

Mr Desmond Lee: This question has been addressed in the reply to Parliamentary Questions on the residential property market and housing affordability, which was issued on 9 September 2024. [Please refer to "Impact of Housing Grant Increase on HDB Resale Flat Prices, and Trend for Resale Flat Prices By Flat Type", Official Report, 9 September 2024, Vol 95, Issue 140, Written Answers to Questions for Oral Answer not Answered by End of Question Time section.]