TRANSACTIONS OF HDB FLATS

Mr Yeo Guat Kwang asked the Minister for National Development how many Housing and Development Board flats, both new and resale, were transacted during the period 1993 to 1997.

Mr Lim Hng Kiang: A total of 283,000 HDB flats were transacted during the period 1993 to 1997, comprising 127,000 transactions involving new flats and 156,000 resale flat transactions.

The number of new HDB flats sold was 19,600 in 1993, 24,000 for 1994, 28,800 in 1995, 26,500 in 1996 and 28,200 in 1997. For resale flats, the number of resale applications approved was 20,500 in 1993, 30,400 in 1994, 30,800 in 1995, 38,900 in 1996 and 35,100 in 1997.