HDB: What % get $80k housing grants – 2-room for $4k?

What percentage of HDB BTO buyers get the maximum housing grants of up to $80,000?

I refer to the HDB’s three-quarter page color advertisement on page B9 of the Straits Times on 14 July “Owning your first home, a journey worth planning for.”

It states that “Did you know?

First-time home buyers can own a BTO flat from:

2-room Flexi flats $4,000

3-room flats $112,000

After housing grants of up to $80,000*

*Grants are subject to applicant’s eligibility”

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In this connection, what percentage of those who bought BTO flats received the respective maximum housing grants of up to $80,000?

Is it less than one per cent?

Leong Sze Hian

About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.