Breakdown of Ownership Profiles of Privately-owned HDB Shophouses by Corporate Structure and Citizenship

Mr Dennis Tan Lip Fong asked the Minister for National Development (a) of the approximately 8,500 privately-owned HDB shophouses, how many are held by Singapore-incorporated private limited companies rather than individuals; and (b) of these, how many have non-citizen majority beneficial ownership.

Mr Chee Hong Tat: Amongst the 8,500 privately-owned Housing and Development Board (HDB) shops, about 70% are owned by individual Singapore Citizens or Singapore Permanent Residents and about 30% are owned by Singapore-registered companies, both private and public.

HDB does not have data on the beneficial ownership of these companies.