Five- and Ten-year-old HDB Flats Sold in Last Five Years

Debated in Parliament on 4 Apr 2017.

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Minister Lawrence Wong stated that nearly 33,000 HDB flats aged five to ten years were sold in the open market between 2012 and 2016, averaging about 6,600 flats per year.
Sellers of resale flats are not required to disclose their reasons for sale to HDB, so specific reasons and breakdowns by reason are not available.
The Minister's response addressed the number of flats sold but could not provide data on the reasons for sales or a count per reason due to the lack of disclosure requirement.

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Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for National Development (a) how many five-year-old to ten-year-old HDB flats have been sold in the last five years; (b) what are the reasons for these sales; and (c) how many flats have been sold under each of these reasons.

Lawrence Wong

Between 2012 and 2016, close to 33,000 HDB flats which had been owned by their sellers for between five and 10 years, were sold in the open market, or an average of about 6,600 flats sold per year.

Resale flat sellers are not required to disclose their reasons for sale to HDB.

Summary written by AI (learn more)

Minister Lawrence Wong stated that nearly 33,000 HDB flats aged five to ten years were sold in the open market between 2012 and 2016, averaging about 6,600 flats per year.
Sellers of resale flats are not required to disclose their reasons for sale to HDB, so specific reasons and breakdowns by reason are not available.
The Minister's response addressed the number of flats sold but could not provide data on the reasons for sales or a count per reason due to the lack of disclosure requirement.

Questions identified by AI (learn more)

Five- and Ten-year-old HDB Flats Sold in Last Five Years | PAPERCUTS

Five- and Ten-year-old HDB Flats Sold in Last Five Years

Debated in Parliament on 4 Apr 2017.

Summary written by AI (learn more)

Minister Lawrence Wong stated that nearly 33,000 HDB flats aged five to ten years were sold in the open market between 2012 and 2016, averaging about 6,600 flats per year.
Sellers of resale flats are not required to disclose their reasons for sale to HDB, so specific reasons and breakdowns by reason are not available.
The Minister's response addressed the number of flats sold but could not provide data on the reasons for sales or a count per reason due to the lack of disclosure requirement.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Lawrence Wong

Between 2012 and 2016, close to 33,000 HDB flats which had been owned by their sellers for between five and 10 years, were sold in the open market, or an average of about 6,600 flats sold per year.

Resale flat sellers are not required to disclose their reasons for sale to HDB.

Summary written by AI (learn more)

Minister Lawrence Wong stated that nearly 33,000 HDB flats aged five to ten years were sold in the open market between 2012 and 2016, averaging about 6,600 flats per year.
Sellers of resale flats are not required to disclose their reasons for sale to HDB, so specific reasons and breakdowns by reason are not available.
The Minister's response addressed the number of flats sold but could not provide data on the reasons for sales or a count per reason due to the lack of disclosure requirement.

Questions identified by AI (learn more)

Five- and Ten-year-old HDB Flats Sold in Last Five Years

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Questions Identified

Full Transcript

Gan Thiam Poh

Lawrence Wong

Summary

Questions Identified

Five- and Ten-year-old HDB Flats Sold in Last Five Years

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Lawrence Wong

Summary

Questions Identified