Number of HDB Flats Owned and Sold by Permanent Residents

Mr Gan Thiam Poh asked the Minister for National Development (a) what is the current number of HDB flats that are fully owned by Permanent Residents (PRs); and (b) what is the current number of HDB flats owned by PRs that are sold within (i) three years, (ii) four years and (iii) five years of the purchase date respectively.

Mr Khaw Boon Wan: As at 30 June 2013, 51,000 (or 6%) of HDB sold flats are fully owned by Singapore Permanent Residents (SPRs).

All HDB flat owners are only allowed to sell their flats after completing their Minimum Occupation Period (MOP). The MOP for unsubsidised resale flats, which SPR families are eligible to purchase, was increased from one to three years in March 2010, and from three to five years in August 2010. In 2013, 130, 320 and 490 flats owned by SPRs were sold within three years, four years and five years of the purchase date respectively.