Proportion of Resale Flat Buyers Who are Upgraders and Downgraders

Debated in Parliament on 2 Mar 2023.

Summary written by AI (learn more)

Mariam Jaafar asked the Minister for National Development about the proportion of resale HDB flat buyers who are upgraders or downgraders from larger flats.
Desmond Lee responded with data showing that from 2020 to 2022, about 19% of resale flat buyers purchased a larger flat within three years of selling their previous one.
He added that about 15% of resale flat buyers bought a smaller flat within the same three-year period after disposing of their prior flat.
The statistics specifically refer to buyers who moved between flat sizes within a three-year window.
The figures highlight a notable proportion of resale activity involving both upgrading and downgrading movements.

Questions identified by AI (learn more)

Full Transcript

Mariam Jaafar

Ms Mariam Jaafar asked the Minister for National Development what proportion of resale HDB flat buyers are (i) upgraders and (ii) downgraders from larger HDB flats respectively.

Desmond Lee

From 2020 to 2022, about 19% of resale flat buyers bought a larger flat, and about 15% of resale flat buyers bought a smaller flat, within three years of disposing of their previous flat.

Summary written by AI (learn more)

Mariam Jaafar asked the Minister for National Development about the proportion of resale HDB flat buyers who are upgraders or downgraders from larger flats.
Desmond Lee responded with data showing that from 2020 to 2022, about 19% of resale flat buyers purchased a larger flat within three years of selling their previous one.
He added that about 15% of resale flat buyers bought a smaller flat within the same three-year period after disposing of their prior flat.
The statistics specifically refer to buyers who moved between flat sizes within a three-year window.
The figures highlight a notable proportion of resale activity involving both upgrading and downgrading movements.

Questions identified by AI (learn more)

Proportion of Resale Flat Buyers Who are Upgraders and Downgraders | PAPERCUTS

Proportion of Resale Flat Buyers Who are Upgraders and Downgraders

Debated in Parliament on 2 Mar 2023.

Summary written by AI (learn more)

Mariam Jaafar asked the Minister for National Development about the proportion of resale HDB flat buyers who are upgraders or downgraders from larger flats.
Desmond Lee responded with data showing that from 2020 to 2022, about 19% of resale flat buyers purchased a larger flat within three years of selling their previous one.
He added that about 15% of resale flat buyers bought a smaller flat within the same three-year period after disposing of their prior flat.
The statistics specifically refer to buyers who moved between flat sizes within a three-year window.
The figures highlight a notable proportion of resale activity involving both upgrading and downgrading movements.

Questions identified by AI (learn more)

Full Transcript

Mariam Jaafar

Ms Mariam Jaafar asked the Minister for National Development what proportion of resale HDB flat buyers are (i) upgraders and (ii) downgraders from larger HDB flats respectively.

Desmond Lee

From 2020 to 2022, about 19% of resale flat buyers bought a larger flat, and about 15% of resale flat buyers bought a smaller flat, within three years of disposing of their previous flat.

Summary written by AI (learn more)

Mariam Jaafar asked the Minister for National Development about the proportion of resale HDB flat buyers who are upgraders or downgraders from larger flats.
Desmond Lee responded with data showing that from 2020 to 2022, about 19% of resale flat buyers purchased a larger flat within three years of selling their previous one.
He added that about 15% of resale flat buyers bought a smaller flat within the same three-year period after disposing of their prior flat.
The statistics specifically refer to buyers who moved between flat sizes within a three-year window.
The figures highlight a notable proportion of resale activity involving both upgrading and downgrading movements.

Questions identified by AI (learn more)

Proportion of Resale Flat Buyers Who are Upgraders and Downgraders

Summary

Questions Identified

Full Transcript

Mariam Jaafar

Desmond Lee

Summary

Questions Identified

Proportion of Resale Flat Buyers Who are Upgraders and Downgraders

Summary

Questions Identified

Full Transcript

Mariam Jaafar

Desmond Lee

Summary

Questions Identified