Direct-Purchase HDB Flats

Dr Lim Wee Kiak asked the Minister for National Development in the last five years (a) how many direct-purchase HDB flats have been sold within two years of the Minimum Occupation Period (MOP) and what is the corresponding percentage of those not sold; and (b) how many flats are rented out as a full unit within two years of the MOP and how many of such flats are rented to Permanent Residents.

Mr Khaw Boon Wan: In the last five years (January 2007 – November 2011), 7,205 direct-purchase HDB flats were sold in the resale market within two years after completing their five-year Minimum Occupation Period (MOP). They made up 9% of all direct-purchase flats which were eligible for resale within the two years after MOP completion. The other 91% were not sold.

In the same period, 2,883 direct-purchase flats were sublet within two years after MOP completion. Amongst them, 971 were sublet to Singapore Permanent Residents.

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