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 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.
Ministry of National Development
5 July 2023
https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=written-answer-13858
Office of the Leader of the Opposition 