Parliamentary Question by MP Henry Kwek on 26 May
1) To ask the Minister for National Development whether HDB will ensure an adequate number of flats under the Parenthood Provisional Housing Scheme for young families who are looking to start families soon and who are facing added economic uncertainties due to the COVID-19 situation.
2) To ask the Prime Minister in light of rapidly decreasing interest rates, whether MAS will pro-actively monitor our banks’ housing loan rates to ensure that the downward revisions are timely and fair, so as to ease the financial burden of existing borrowers who are impacted by the COVID-19 situation.
3) To ask the Prime Minister whether MAS will consider proactive measures that will help individuals/businesses to understand credit restructuring and credit counselling programmes since many will be facing financial difficulties due to the COVID-19 situation.