Written answer by Ministry of National Development on proportion of resale HDB flat buyers who are upgraders and downgraders from larger HDB flats

Mar 2, 2023

Question No: 2796

Question by: Ms Mariam Jaafar

To ask the Minister for National Development what proportion of resale HDB flat buyers are (i) upgraders and (ii) downgraders from larger HDB flats respectively.

Answer:

From 2020 to 2022, about 19% of resale flat buyers bought a larger flat, and about 15% of resale flat buyers bought a smaller flat, within three years of disposing of their previous flat.