Purchase of Million-dollar Resale HDB Flats by Ex-private Property Owners

Debated in Parliament on 10 May 2023.

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Gan Thiam Poh asked about buyers of million-dollar HDB resale flats who previously owned private property.
Desmond Lee revealed that 389 HDB resale flats were sold for at least $1 million between April 2022 and March 2023.
Among these buyers, 108 (about 30%) previously owned or still held private property.
The figures indicate a small but notable proportion of million-dollar HDB buyers had private property experience.

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Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for National Development how many buyers of million-dollar resale HDB flats have previously held private properties.

Desmond Lee

Between 1 April 2022 and 31 March 2023, around 1% of the resale transactions registered, or 389 flats, were sold for a million dollars or more. Among the buyers, almost three in 10, or 108 buyers, previously owned a private property or were holding on to a private property at the point of resale flat application.

Purchase of Million-dollar Resale HDB Flats by Ex-private Property Owners | PAPERCUTS

Purchase of Million-dollar Resale HDB Flats by Ex-private Property Owners

Debated in Parliament on 10 May 2023.

Summary written by AI (learn more)

Gan Thiam Poh asked about buyers of million-dollar HDB resale flats who previously owned private property.
Desmond Lee revealed that 389 HDB resale flats were sold for at least $1 million between April 2022 and March 2023.
Among these buyers, 108 (about 30%) previously owned or still held private property.
The figures indicate a small but notable proportion of million-dollar HDB buyers had private property experience.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for National Development how many buyers of million-dollar resale HDB flats have previously held private properties.

Purchase of Million-dollar Resale HDB Flats by Ex-private Property Owners

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Desmond Lee

Summary

Questions Identified

Purchase of Million-dollar Resale HDB Flats by Ex-private Property Owners

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Desmond Lee

Summary

Questions Identified