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COMMENTARY

Is it riskier for single or zero-income couples to buy HDB flats?

HDB should give clarity on how financially stable it expects couples to be before they apply for homes

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Yong Jun Yuan

Yong Jun Yuan

Published Sat, May 18, 2024 · 05:00 AM
    • Instead of coming up with vague warnings of unemployment and evictions, HDB should clarify how financially stable it expects couples to be before they apply for flats.
    • Instead of coming up with vague warnings of unemployment and evictions, HDB should clarify how financially stable it expects couples to be before they apply for flats. PHOTO: BT FILE

    INTUITIVELY, you would think that if a person is unable to secure sufficient loan financing before buying a home, the prudent thing to do would be to not proceed to make such a purchase.

    Without a loan, you could, after all, be stuck having to pay for a large proportion of the amount in cash.

    For some buying Build-To-Order (BTO) flats from the Housing and Development Board (HDB), it may not be possible for those who are in school or drawing only a single income to obtain an adequate loan to buy a flat.

    HDBBTOInterest rates

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