HDB FLAT OWNER-OCCUPIERS (Arrears of instalment payments)

Mr Chin Harn Tong asked the Minister for National Development how many owner-occupiers of Housing and Development Board flats are in arrears with their instalment payments as at the latest convenient date; and to what extent were they in arrears during 1988.

The Senior Minister of State for National Development (Dr Lee Boon Yang) (for the Minister for National Development): Mr Speaker, Sir, as at 31st December 1988, 34,178 out of a total of 328,903 (or 10.4%) owner-occupiers of HDB flats with mortgage accounts were in arrears with their loan instalment payments. Out of these, 67% owed less than three months, 17% owed between three to six months and 16% owed more than six months of instalments.