Tenants of Private Property Leases by Residency Status

Debated in Parliament on 10 May 2023.

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Leong Mun Wai requested a yearly breakdown since 2010 of private property leases by tenant residency status, including Singapore Citizens, Permanent Residents, and non-residents.
Lawrence Wong stated the government cannot provide data for the entire period requested, but shared figures from 2018 to the third quarter of 2022.
In 2018 and 2019, about 15% of private property tenants were Singapore Citizens, rising to 19% in 2021 due to increased demand from locals needing temporary housing during COVID-19 construction delays.
Foreign tenant demand declined during the pandemic but has returned to pre-COVID levels in 2022 as border restrictions eased.

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Leong Mun Wai

Mr Leong Mun Wai asked the Deputy Prime Minister and Minister for Finance for each year since 2010, what are the number and percentage of private property leases where the tenants are (i) Singapore Citizens, (ii) Singapore Permanent Residents and (iii) non-residents respectively.

Lawrence Wong

We are unable to provide such a long time series of data. The breakdown of the private residential property leases by the profile of tenants from 2018 to the third quarter of 2022 is at Table 1.

In 2018 and 2019, the proportion of Singapore Citizen tenants was 15%. This increased to 19% in 2021 primarily due to a surge in demand from Singaporeans seeking temporary accommodation while awaiting the completion of their residential units affected by COVID-19 construction delays. On the other hand, foreigners’ demand dropped due to outflow of foreigners. In 2022, with the easing of border restrictions, the tenant profile for private residential properties is now more similar to pre-COVID-19 trends.

Summary written by AI (learn more)

Leong Mun Wai requested a yearly breakdown since 2010 of private property leases by tenant residency status, including Singapore Citizens, Permanent Residents, and non-residents.
Lawrence Wong stated the government cannot provide data for the entire period requested, but shared figures from 2018 to the third quarter of 2022.
In 2018 and 2019, about 15% of private property tenants were Singapore Citizens, rising to 19% in 2021 due to increased demand from locals needing temporary housing during COVID-19 construction delays.
Foreign tenant demand declined during the pandemic but has returned to pre-COVID levels in 2022 as border restrictions eased.

Questions identified by AI (learn more)

Tenants of Private Property Leases by Residency Status

Debated in Parliament on 10 May 2023.

Summary written by AI (learn more)

Leong Mun Wai requested a yearly breakdown since 2010 of private property leases by tenant residency status, including Singapore Citizens, Permanent Residents, and non-residents.
Lawrence Wong stated the government cannot provide data for the entire period requested, but shared figures from 2018 to the third quarter of 2022.
In 2018 and 2019, about 15% of private property tenants were Singapore Citizens, rising to 19% in 2021 due to increased demand from locals needing temporary housing during COVID-19 construction delays.
Foreign tenant demand declined during the pandemic but has returned to pre-COVID levels in 2022 as border restrictions eased.

Questions identified by AI (learn more)

Full Transcript

Leong Mun Wai

Lawrence Wong

We are unable to provide such a long time series of data. The breakdown of the private residential property leases by the profile of tenants from 2018 to the third quarter of 2022 is at Table 1.

Summary written by AI (learn more)

Leong Mun Wai requested a yearly breakdown since 2010 of private property leases by tenant residency status, including Singapore Citizens, Permanent Residents, and non-residents.
Lawrence Wong stated the government cannot provide data for the entire period requested, but shared figures from 2018 to the third quarter of 2022.
In 2018 and 2019, about 15% of private property tenants were Singapore Citizens, rising to 19% in 2021 due to increased demand from locals needing temporary housing during COVID-19 construction delays.
Foreign tenant demand declined during the pandemic but has returned to pre-COVID levels in 2022 as border restrictions eased.

Questions identified by AI (learn more)

Tenants of Private Property Leases by Residency Status | PAPERCUTS

Tenants of Private Property Leases by Residency Status

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Questions Identified

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Leong Mun Wai

Lawrence Wong

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Tenants of Private Property Leases by Residency Status

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Lawrence Wong

Summary

Questions Identified