Number of HDB Flats Owned and Sold by Permanent Residents

Debated in Parliament on 12 Aug 2013.

Summary written by AI (learn more)

Minister Khaw Boon Wan stated that as of 30 June 2013, 51,000 HDB flats (6% of sold flats) were fully owned by Singapore Permanent Residents.
In 2013, 130 HDB flats owned by PRs were sold within three years of purchase, 320 within four years, and 490 within five years.
The Minimum Occupation Period for PR families buying unsubsidised resale flats was increased from one to three years in March 2010, and from three to five years in August 2010.
All HDB flat owners, including PRs, must complete the Minimum Occupation Period before selling their flats.
The information was provided in response to a parliamentary question by MP Gan Thiam Poh.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for National Development (a) what is the current number of HDB flats that are fully owned by Permanent Residents (PRs); and (b) what is the current number of HDB flats owned by PRs that are sold within (i) three years, (ii) four years and (iii) five years of the purchase date respectively.

Khaw Boon Wan

As at 30 June 2013, 51,000 (or 6%) of HDB sold flats are fully owned by Singapore Permanent Residents (SPRs).

Page: 159

All HDB flat owners are only allowed to sell their flats after completing their Minimum Occupation Period (MOP). The MOP for unsubsidised resale flats, which SPR families are eligible to purchase, was increased from one to three years in March 2010, and from three to five years in August 2010. In 2013, 130, 320 and 490 flats owned by SPRs were sold within three years, four years and five years of the purchase date respectively.

Summary written by AI (learn more)

Minister Khaw Boon Wan stated that as of 30 June 2013, 51,000 HDB flats (6% of sold flats) were fully owned by Singapore Permanent Residents.
In 2013, 130 HDB flats owned by PRs were sold within three years of purchase, 320 within four years, and 490 within five years.
The Minimum Occupation Period for PR families buying unsubsidised resale flats was increased from one to three years in March 2010, and from three to five years in August 2010.
All HDB flat owners, including PRs, must complete the Minimum Occupation Period before selling their flats.
The information was provided in response to a parliamentary question by MP Gan Thiam Poh.

Questions identified by AI (learn more)

Number of HDB Flats Owned and Sold by Permanent Residents | PAPERCUTS

Number of HDB Flats Owned and Sold by Permanent Residents

Debated in Parliament on 12 Aug 2013.

Summary written by AI (learn more)

Minister Khaw Boon Wan stated that as of 30 June 2013, 51,000 HDB flats (6% of sold flats) were fully owned by Singapore Permanent Residents.
In 2013, 130 HDB flats owned by PRs were sold within three years of purchase, 320 within four years, and 490 within five years.
The Minimum Occupation Period for PR families buying unsubsidised resale flats was increased from one to three years in March 2010, and from three to five years in August 2010.
All HDB flat owners, including PRs, must complete the Minimum Occupation Period before selling their flats.
The information was provided in response to a parliamentary question by MP Gan Thiam Poh.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Khaw Boon Wan

As at 30 June 2013, 51,000 (or 6%) of HDB sold flats are fully owned by Singapore Permanent Residents (SPRs).

Page: 159

Summary written by AI (learn more)

Minister Khaw Boon Wan stated that as of 30 June 2013, 51,000 HDB flats (6% of sold flats) were fully owned by Singapore Permanent Residents.
In 2013, 130 HDB flats owned by PRs were sold within three years of purchase, 320 within four years, and 490 within five years.
The Minimum Occupation Period for PR families buying unsubsidised resale flats was increased from one to three years in March 2010, and from three to five years in August 2010.
All HDB flat owners, including PRs, must complete the Minimum Occupation Period before selling their flats.
The information was provided in response to a parliamentary question by MP Gan Thiam Poh.

Questions identified by AI (learn more)

Number of HDB Flats Owned and Sold by Permanent Residents

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Khaw Boon Wan

Summary

Questions Identified

Number of HDB Flats Owned and Sold by Permanent Residents

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Khaw Boon Wan

Summary

Questions Identified