HDB Flats Rented Out by Owners Residing Overseas and Locally

Mr Leong Mun Wai asked the Minister for National Development from 2010 to 2021, what is the annual number of HDB flats that are being fully rented out by (i) owners who are residing locally and (ii) owners who are residing overseas, respectively.

Mr Desmond Lee: Between 2010 and 2021, there was an average of about 35,000 to 60,000 flats that were rented out annually. These are flats owned by Singaporeans, since households made up of only Singapore Permanent Resident owners are not permitted to rent out their flats. Less than 10% of the HDB flat owners who rented out their flats are residing overseas, with such individuals likely being abroad for work or study reasons.