Lawrence Wong on approvals for third HDB housing loan
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Lawrence Wong on approvals for third HDB housing loan(Updated: )
HDB received around 4,500 appeals for a third housing loan last year, and assisted about 20 per cent of them, or about 900 households. Minister for National Development Lawrence Wong shared this in Parliament on Tuesday (Feb 12) in reply to questions from MP Ong Teng Koon. Asked why HDB does not approve more such loans, Mr Wong said applicants who are rejected fall into two broad categories - those who can in fact get a bank loan and those who are unable to service a loan to begin with.