Written answer by Ministry of National Development on HDB flats with outstanding mortgage loans

Jul 5, 2023

Question No: 3077

Question by: Mr Chua Kheng Wee Louis

To ask 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.

Answer:

As of 1Q2023, there are about 431,000 HDB households with an outstanding housing loan from HDB or financial institutions (FIs). They comprise 41% of all HDB households.

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

Table 1: Median and mean outstanding loan balance among HDB households (as of 1Q2023)

Notes:

[1] Data is not available, as data on such housing loans are collected at the aggregate level and not at the individual household level.