Most BTO flat buyers in mature estate are first-timers

Artist’s impression of the Tampines GreenCourt BTO project. (Photo: HDB)

On average, about 80 percent of people buying Build-to-Order (BTO) flats in mature estates from the Housing and Development Board (HDB) are first-timers, according to a written parliamentary reply from the Ministry of National Development on Monday (8 January).

It stated this in reply to a question from Desmond Choo, Member of Parliament (MP) for Tampines Group Representation Constituency (GRC).

Meanwhile, Choo asked whether the Ministry will consider extending the Special Housing Grant (SHG) to first-time buyers, whose parents reside within 2km of their BTO units in mature estates.

“There are currently no plans to extend the SHG to the purchase of flats in the mature estates. Eligible first-timer households can continue to enjoy up to $40,000 in the Additional CPF Housing Grant (AHG) when they purchase a flat in the mature estates,” responded the Ministry.

It explained that the SHG is intended to assists lower- to middle-income families purchase their first dwelling. But currently, this can only be obtained by households buying four-room or smaller HDB flats in non-mature estates.


This article was edited by Keshia Faculin.

This post was originally posted on Property Guru Property Market News Section