Written Answer by Ministry of National Development on annual sales of previously owned residential properties since 2019
Oct 4, 2022
Dr Tan Wu Meng: To ask the Minister for National Development
(a) since 2019, how many sales of previously owned residential properties has taken place annually; and
(b) of these, what proportion involved (i) HDB residences (ii) first-time sellers and (iii) first-time sellers of HDB residences.
Answer:
Information on the number of resale transactions and first-time sellers of HDB flats and private residential properties from 2019 to Aug 2022 are in Table 1.
Table 1: Number of resale transactions and first-time sellers of HDB flats and private residential properties
|
Year
|
Resale transaction volume for HDB flats
|
Resale transaction volume for private residential properties
|
Total number of resale transactions for HDB flats and private residential properties
[G] = [C] + [F]
|
|
Number of resale transactions involving first-time sellers of HDB flats
[A]
|
Number of resale transactions not involving first-time sellers of HDB flats
[B]
|
Subtotal number of resale transactions for HDB flats
[C] = [A] + [B]
|
Number of resale transactions involving first-time sellers of private residential properties
[D]
|
Number of resale transactions not involving first-time sellers of private residential properties
[E]
|
Subtotal number of resale transactions for private residential properties
[F] = [D] + [E]
|
|
2019
|
16,594
(49%)
|
6,740
(20%)
|
23,334
(69%)
|
8,855
(26%)
|
1,791
(5%)
|
10,646
(31%)
|
33,980
(100%)
|
|
2020
|
17,756
(47%)
|
6,668
(18%)
|
24,424
(65%)
|
10,810
(29%)
|
2,195
(6%)
|
13,005
(35%)
|
37,429
(100%)
|
|
2021
|
22,520
(41%)
|
8,267
(15%)
|
30,787
(56%)
|
20,422
(37%)
|
3,792
(7%)
|
24,214
(44%)
|
55,001
(100%)
|
|
2022 (Jan - Aug)
|
13,043
(42%)
|
5,503
(18%)
|
18,546
(60%)
|
10,598
(34%)
|
1,683
(5%)
|
12,281
(40%)
|
30,827
(100%)
|
Notes:
a) Percentages indicated in columns A – F are calculated based on column G. Percentages may not add up due to rounding.
b) A seller is considered as a first-time seller if he/she only has 1 selling record for HDB flats or private residential properties respectively.
c) If a resale transaction consists of first-time seller(s) together with nth-time seller(s), the resale transaction is considered as involving a first-time seller.
d) Private residential properties include Executive Condominiums. Data on resale transactions for private residential property exclude en bloc sales. Records on sellers of private residential properties are based on available stamp duty records.