Data on HDB Flat Owners with Second Property

Dr Shahira Abdullah asked the Minister for National Development (a) what is the current percentage of HDB home owners who have purchased a second private property in Singapore; (b) whether the number of such HDB flat owners who own more than one property has increased in the last five years; and (c) what is the current percentage of HDB flats that are not owner-occupied and are being rented out to third parties.

Mr Desmond Lee: HDB flat owners who have fulfilled the Minimum Occupation Period for their flats may buy private property and rent out their flats.

As at end-September 2022, about 3.3% of HDB flat owners own at least one private property. This proportion has declined by about 0.5 percentage points in the last five years.

As at end-September 2022, about 5% of HDB sold flats were rented out.