May 2011 HDB BTO

May 2011 HDB BTO (Singapore) Applicant Profile

We look at May 2011 HDB BTO applicant profile in the May 2011 BTO launch that closed recently.

May 2011 HDB BTO PROFILE:

May 2011 HDB BTO First Timer:
(A “first-timer” refers to an applicant who has never bought an HDB flat directly from HDB, nor taken a CPF Housing Grant.)

1st HDB BTO attempt = 35%
2nd HDB BTO attempt = 13%
3rd HDB BTO attempt = 8%
4th HDB BTO attempt = 5%
5th or more = 4%
Total = 65% applicants were first timers

May 2011 HDB BTO Second Timer:
(A “second-timer” refers to one who has previously bought an HDB flat directly from HDB or taken a CPF Housing Grant.)

1st HDB BTO attempt = 20%
2nd HDB BTO attempt = 7%
3rd HDB BTO attempt = 3%
4th HDB BTO attempt = 3%
5th or more = 2%
Total = 35% applicants were second timers

Among the first-timers, more than half applied under HDB’s Fiancé-Fiancée Scheme.

Their median age was 27.

As for the other first-timers (i.e. those already married), their median age was 34.

"There is therefore justification to revise the HDB income ceiling, given the rising age of applicants." - Minister Khaw Boon Wan

Source: Minister of National Development Mr Khaw Boon Wan wordpress blog of June 16, 2011.

This May 2011 HDB BTO residential property update is for personal use only.

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