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Home Ownership

Is 100% homeownership attainable or even desirable?
Today, 90% of resident households own their homes. Singapore has one of the highest homeownership rates in the world. This is because our overarching social mission is to achieve homeownership for Singaporeans. We subsidise public housing heavily to achieve this objective.

What should be the balance between home and asset for HDB flats in the future?
An HDB flat is first and foremost a home for Singaporeans. It is also an asset which they can use to build a better life, as well as provide security for their retirement needs.

 
Home Ownership

What type of public housing should Singapore have?
There is a range of housing options to meet diverse needs and financial means of different Singaporean households. They include 2-room, 3-room, 4-room, and 5-room HDB Built-to-Order (BTO) flats, flats offered under the Design, Build & Sell Scheme (DBSS) flats, as well as Executive Condominiums (ECs).

 
Home Ownership

How can Build-To-Order (BTO) flats be made more affordable?
House prices have risen sharply over the last few years, due to various reasons such as global liquidity, sustained low interest rates, and positive economic sentiments. HDB BTO prices rose to more than five times of buyers’ annual household income in 2012, up from four times in 2007. While high prices are good for home sellers, it has caused anxiety amongst prospective home buyers.

 
Home Ownership

How can we help elderly Singaporeans who wish to monetise their flat?
Elderly Singaporeans today rely on CPF funds, personal savings and support from working children for their retirement needs. For those who need an additional source of income, they can also rent out their HDB flat or spare room, sell their HDB flat and move to a Studio Apartment and apply for the Silver Housing Bonus, or take part in HDB’s Lease Buyback Scheme. As our population ages, we should consider more ways to help seniors unlock their HDB flat asset, if they wish to do so.