DEFAULTERS IN HDB MORTGAGE INSTALMENTS

Mr Chiam See Tong asked the Minister for National Development how many purchasers of Housing and Development Board flats have defaulted in payment for 60 days and more of their mortgage instalments and interest thereon for each of the years from 1975 to 1985 in respect of loans (i) less than $20,000, (ii) $20,000-$40,000, (iii) $41,000-$60,000, (iv) $61,000-$80,000, (v) $81,000-$100,000, (vi) $101,000- -$120,000, (vii) $121,000-$140,000, (viii) $141,000-$160,000, and (ix)$161,000-$180,000.

Mr Teh Cheang Wan: The number of purchasers of Housing and Development Board flats who had been in arrears for two months or more in their payment of mortgage instalments are as follows: ____________________________________________ | | Mortgage Instalments In | | | Arrears for Two Months | | | Or More | | | (Inclusive of service | | Year | charge arrears) | | || | | | Percentage of dwelling | | | No. | units under management | |____||| | | | | | 1978 | 4,922 | 2.9% | | | | | | 1979 | 4,965 | 2.5% | | | | | | 1980 | 8,006 | 3.7% | | | | | | 1981 | 7,683 | 3.4% | | | | | | 1982 | 9,990 | 3.8% | | | | | | 1983 | 10,449 | 3.5% | | | | | | 1984 | 17,838 | 4.7% | | | | | | 1985 | 21,236 | 5.1% | |(Up to | | | | Sep) | | | |||_____________________|

The information requested by the Member for Potong Pasir on the number of mortgage loans in arrears before 1978 and the breakdown by loan amount are not available as the HDB does not keep these statistics. To extract these statistics from past records would cost the HDB not less than $200,000 in terms of manpower and computer costs.