Age of Buyers of Million-dollar HDB Resale Flats in Past Eight Years

Debated in Parliament on 18 Sep 2023.

Summary written by AI (learn more)

The debate focused on the age of buyers and the percentage of Permanent Residents among those who purchased million-dollar HDB resale flats from July 2015 to June 2023.
Less than 1% of HDB resale transactions during this period were sold for $1 million or more, indicating such purchases are rare.
The median age of buyers of these million-dollar flats was 40 years old.
Approximately 94% of the buyers were Singapore Citizens, while about 6% were Singapore Permanent Residents.
The data shows that the vast majority of such high-value transactions involved Singaporeans rather than Permanent Residents.

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 age of buyers of million-dollar HDB resale flats in the past eight years; and (b) what percentage of such buyers are Permanent Residents.

Desmond Lee

Between July 2015 and June 2023, less than 1% of the HDB resale flat transactions registered were sold for $1 million or more. Among the buyers of these flats, the median age was 40. About 94% of buyers were Singapore Citizens, and about 6% were Singapore Permanent Residents.

Summary written by AI (learn more)

The debate focused on the age of buyers and the percentage of Permanent Residents among those who purchased million-dollar HDB resale flats from July 2015 to June 2023.
Less than 1% of HDB resale transactions during this period were sold for $1 million or more, indicating such purchases are rare.
The median age of buyers of these million-dollar flats was 40 years old.
Approximately 94% of the buyers were Singapore Citizens, while about 6% were Singapore Permanent Residents.
The data shows that the vast majority of such high-value transactions involved Singaporeans rather than Permanent Residents.

Questions identified by AI (learn more)

Age of Buyers of Million-dollar HDB Resale Flats in Past Eight Years | PAPERCUTS

Age of Buyers of Million-dollar HDB Resale Flats in Past Eight Years

Debated in Parliament on 18 Sep 2023.

Summary written by AI (learn more)

The debate focused on the age of buyers and the percentage of Permanent Residents among those who purchased million-dollar HDB resale flats from July 2015 to June 2023.
Less than 1% of HDB resale transactions during this period were sold for $1 million or more, indicating such purchases are rare.
The median age of buyers of these million-dollar flats was 40 years old.
Approximately 94% of the buyers were Singapore Citizens, while about 6% were Singapore Permanent Residents.
The data shows that the vast majority of such high-value transactions involved Singaporeans rather than Permanent Residents.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Desmond Lee

Summary written by AI (learn more)

The debate focused on the age of buyers and the percentage of Permanent Residents among those who purchased million-dollar HDB resale flats from July 2015 to June 2023.
Less than 1% of HDB resale transactions during this period were sold for $1 million or more, indicating such purchases are rare.
The median age of buyers of these million-dollar flats was 40 years old.
Approximately 94% of the buyers were Singapore Citizens, while about 6% were Singapore Permanent Residents.
The data shows that the vast majority of such high-value transactions involved Singaporeans rather than Permanent Residents.

Questions identified by AI (learn more)

Age of Buyers of Million-dollar HDB Resale Flats in Past Eight Years

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Desmond Lee

Summary

Questions Identified

Age of Buyers of Million-dollar HDB Resale Flats in Past Eight Years

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Desmond Lee

Summary

Questions Identified