First-time Applicants Successful in Securing BTO Flats

Mr Gan Thiam Poh asked the Minister for National Development (a) in each of the past seven years to date, what is the number of first-time applicants who have been successful in securing their BTO flats; (b) how many of them have collected their keys in the past four years and how many are expected to collect their keys in 2015 and the next two years; and (c) how many of these first-timers have been successful in receiving grants for the purchase of HDB resale flats in the past seven years.

Mr Khaw Boon Wan: Since 2008, about 100,000 first-timer applicants, comprising families and singles, have bought a new HDB flat through a Build-to-Order (BTO) or Sale of Balance Flats (SBF) exercise:

Among these successful applicants, about 50,400 (50%) have collected the keys to their flats and 6,700 (7%) will be collecting theirs later this year. We expect another 31,100 (31%) to collect their keys in 2016 or 2017, and the balance 11,800 (12%) after 2017.

Over the same period, another 38,400 first-timer applicants were successful in receiving housing grants for the purchase of resale HDB flats.