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