Debated in Parliament on 13 May 2013.
Mr Gan Thiam Poh asked the Minister for National Development (a) what will be the number of non-first timers who will need to sell their existing HDB flats in the resale market upon the completion of their new BTO flats this year and in the next three years; (b) how many HDB flat owners purchased private properties for investment in the past three years and how many of these owners will be taking possession of their private properties this year and in the next three years; (c) in the past three years, how many buyers of private properties own at least one property and how many will be taking possession of their private properties this year and in the next three years.
The number of flat buyers who have to dispose of their existing flat upon completion of their new BTO flat this year is 2,500. In the next three years, the corresponding number of such flat buyers is 5,600 in 2014, 5,600 in 2015, and 3,300 in 2016.
In the past three years, 46,700 private home-buyers had an existing HDB address. We do not have data to the second part of the question.
In the past three years, 65,800 private home-buyers owned at least one residential property at the point of purchase. Likewise, we do not have data to the second part of the question.
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