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

Mr Gan Thiam Poh asked the Minister for National Development (a) what is the age of buyers of million-dollar HDB resale flats in the past eight years; and (b) what percentage of such buyers are Permanent Residents.

Mr Desmond Lee: Between July 2015 and June 2023, less than 1% of the HDB resale flat transactions registered were sold for $1 million or more. Among the buyers of these flats, the median age was 40. About 94% of buyers were Singapore Citizens, and about 6% were Singapore Permanent Residents.