Race and Citizenship Status of HDB Flat Owners Whose Flats Sold for Over $1 Million

Leong Mun Wai asked for the annual breakdown by race and citizenship of HDB flat owners whose flats sold for at least $1 million since 2020.
Desmond Lee responded that only about 1% of HDB flats were transacted at $1 million and above from 2020 to the first half of 2024.
He stated that almost all sellers were Singapore citizen households.
He noted that the proportion of Chinese sellers ranged between 86% and 93% annually.
He added that sellers from other ethnic groups accounted for between 7% and 14% of such transactions.

Leong Mun Wai asked for the annual breakdown by race and citizenship of HDB flat owners whose flats sold for at least $1 million since 2020.
Desmond Lee responded that only about 1% of HDB flats were transacted at $1 million and above from 2020 to the first half of 2024.
He stated that almost all sellers were Singapore citizen households.
He noted that the proportion of Chinese sellers ranged between 86% and 93% annually.
He added that sellers from other ethnic groups accounted for between 7% and 14% of such transactions.

Leong Mun Wai asked for the annual breakdown by race and citizenship of HDB flat owners whose flats sold for at least $1 million since 2020.
Desmond Lee responded that only about 1% of HDB flats were transacted at $1 million and above from 2020 to the first half of 2024.
He stated that almost all sellers were Singapore citizen households.
He noted that the proportion of Chinese sellers ranged between 86% and 93% annually.
He added that sellers from other ethnic groups accounted for between 7% and 14% of such transactions.

Leong Mun Wai asked for the annual breakdown by race and citizenship of HDB flat owners whose flats sold for at least $1 million since 2020.
Desmond Lee responded that only about 1% of HDB flats were transacted at $1 million and above from 2020 to the first half of 2024.
He stated that almost all sellers were Singapore citizen households.
He noted that the proportion of Chinese sellers ranged between 86% and 93% annually.
He added that sellers from other ethnic groups accounted for between 7% and 14% of such transactions.

Summary