HDB LOANS
Parliament of Singapore · 10 April 2007
Official Report, 10 April 2007, Vol 83, Issue 2 · Open in the reader (summaries, search, filters)
HDB LOANS
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(Flats repossessed due to failure of loan repayments): **
1.
Mr Siew Kum Hong asked the Minister for National Development in each of the 5 years before the market for HDB loans was opened up to banks, how many flats did the HDB repossess for failure to make mortgage or loan repayments.
Mr Mah Bow Tan: From 1998 to 2002, a total of 24 flats were recovered by HDB. These flats were either abandoned by lessees or returned to HDB by lessees due to default in mortgage payments. The breakdown by year is provided in the table below.
Year: |
No. of cases: ---|---
1998
|
8
1999
|
5
2000
|
9
2001
|
1
2002
|
1
Total: |
24: **
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Source: Singapore Parliament Official Report (Hansard) for 10 April 2007. Republished on SGParliament.