Written answer by MND on current number of HDB flats that have not been resold by their first owner
Jan 10, 2023
Question No: 2549
Question by: Mr Leong Mun Wai
To ask the Minister for National Development what is the current number of HDB flats that have not been resold by their first owner.
Answer:
HDB flats are primarily meant for owner-occupation, and hence all flat owners are subjected to a 5-year Minimum Occupation Period (MOP), or a 10-year MOP for Prime Location Public Housing (PLH) flats, before they can sell their flat on the open market.
2 As at Dec 2022, there are about 379,700 flats purchased from HDB that have not been resold by their first owner.
3 Flat owners resell their flats for various reasons, such as to purchase a larger flat to accommodate a growing family, or to right-size for their needs. They may also prefer to move nearer to aging parents or their children for mutual care and support.