Written Answer by Ministry of National Development on HDB homeowners owning more than one property and non-owner occupied HDB flats being rented out

Oct 20, 2022

Dr Shahira Abdullah: To ask the Minister for National Development

(a) what is the current percentage of HDB homeowners who have purchased a second private property in Singapore;
(b) whether the number of such HDB flat owners who own more than one property has increased in the last five years; and
(c) what is the current percentage of HDB flats that are not owner-occupied and are being rented out to third parties.

Answer:

HDB flat owners who have fulfilled the Minimum Occupation Period for their flats may buy private property and rent out their flats.

2        As at end-September 2022, about 3.3% of HDB flat owners own at least one private property. This proportion has declined by about 0.5 percentage points in the last five years.

3        As at end-September 2022, about 5% of HDB sold flats were rented out.