About 4,500 families in public rental flats here, or about 9 per cent of all rental households, have become owners of Housing Board (HDB) flats over the past five years through various housing schemes and grants.

An average of around 2 per cent of rental households move on to become HDB home owners each year, said HDB on Sunday (March 6).

From 2019 to Dec 31 last year, about 1,030 rental households were offered help by HDB to do the same, it added.

This surpasses the Board’s initial target of reaching out to 1,000 rental households, who have been preliminary assessed to be ready to buy a flat, by 2023.

Of these 1,030 families, around 340 households – or 33 per cent – should be ready for home ownership within the next three years, said the HDB.

Read more at: https://www.straitstimes.com/singapore/housing/4500-families-in-public-rental-flats-became-hdb-home-owners-over-past-5-years