Written Answer to Unanswered Oral Question

One-room Flexi Flats for Singles with Lower Financial Capability

Speakers

Transcript

36 Mr Gan Thiam Poh asked the Minister for National Development whether HDB will consider building 1-room Flexi flats that are integrated with other flat types for singles who have a lower financial capability to purchase HDB flats.

Mr Lawrence Wong: Eligible singles can purchase 2-room Flexi BTO flats in the non-mature estates. Such flats come in two sizes, 36 sqm and 45 sqm, and are integrated with other flat types in the same blocks. The smaller 36-sqm flat is cheaper and caters to singles who have more limited budgets or less space needs. In fact, after the generous Government discounts and subsidies, first-timer singles buying new flats, on average, use only about 20% of their monthly income for mortgage instalments. This means that they are generally able to service their mortgages from their CPF contributions, with little or no cash outlay. So, the existing 2-room Flexi units provide affordable housing options for singles and there may not be a need to make the flat sizes smaller.