HOUSING BOARD

Mr Ch'ng Jit Koon asked the Minister for National Development and Communications (a) up to the latest convenient date, how many units of flats have been sold by the Housing and Development Board under the "Home-ownership" Scheme; (b) how many of those flats were purchased outright by the owners; and (c) how many of the owners used their Central Provident Fund contributions to purchase the flats either outright or on an instalment basis.

Dr Tan Eng Liang (for the Minister for National Development and Communications): Mr Speaker, Sir, as at 31st December 1976, a total of 110,591 units of flats have been sold under the "Home Ownership" Scheme. Of this, 7,685 units were purchased outright, while 63,148 units were purchased through the owners' CPF contributions either outright or on an instalment basis. The remaining 39,758 purchasers paid cash for down payment and balance of loan settled by monthly cash instalments.