Written answer by Ministry of National Development on age of buyers of million-dollar HDB resale flats in past eight years

Sep 18, 2023

Question No: 4918

Question by: Mr Gan Thiam Poh

To ask 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.

Answer:

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