Written answer by MND on breakdown of percentage of private residential property transactions in last 10 years
Jan 10, 2023
Question No: 2548
Question by: Mr Leong Mun Wai
To ask the Minister for National Development for each of the last ten years, what percentage of private residential property transactions are attributed to (i) Singapore citizens (ii) permanent residents (iii) foreigners (iv) companies that are majority-owned by Singaporeans and (v) companies that are majority owned by non-Singaporeans.
Answer:
Information on the breakdown of private residential property transactions for each of the last ten years is in Table 1.
Table 1: Breakdown of private residential property transactions
|
Year
|
Share of units purchased by Singaporeans (%)
|
Share of units purchased by PRs (%)
|
Share of units purchased by Foreigners (%)
|
Share of units purchased by Companies
|
|
Local
(%)
|
Foreign (%)
|
|
2013
|
73.7%
|
13.0%
|
7.5%
|
4.7%
|
1.0%
|
|
2014
|
73.8%
|
16.6%
|
8.4%
|
0.7%
|
0.5%
|
|
2015
|
77.3%
|
16.4%
|
5.6%
|
0.6%
|
0.1%
|
|
2016
|
77.9%
|
15.8%
|
5.6%
|
0.5%
|
0.2%
|
|
2017
|
78.6%
|
14.2%
|
5.4%
|
1.5%
|
0.2%
|
|
2018
|
79.2%
|
14.4%
|
5.3%
|
1.0%
|
0.2%
|
|
2019
|
79.4%
|
15.0%
|
5.1%
|
0.4%
|
0.1%
|
|
2020
|
81.8%
|
14.4%
|
3.4%
|
0.4%
|
0.0%
|
|
2021
|
82.6%
|
13.8%
|
3.1%
|
0.4%
|
0.1%
|
|
2022
|
79.9%
|
16.1%
|
3.5%
|
0.4%
|
0.0%
|
Notes:
1) The figures are based on IRAS stamp duty records as of 15 Dec 2022. Percentages may not add up due to rounding.
2) Local companies are defined (based on DOS’ classification) as firms with at least 50% local equity.