Written Answer by Ministry of National Development on statistics of private property purchase transactions and rental transactions entered into by Singaporeans
Jan 4, 2021
Mr Chua Kheng Wee Louis: To ask the Minister for National Development in respect of private residential property purchase transactions and rental transactions entered into by Singaporeans, what is (i) the respective number and (ii) respective percentage share of these transactions for those aged between 35 and 39 years old, 30 to 34 years old, 25 to 29 years old and below 25 years old for each of the years over the last ten years.
Answer:
Of the private residential purchase transactions (including ECs) by Singapore Citizens (SCs) over the past 10 years, the breakdown by age of the purchaser is shown in Table 1 below.
Table 1: Breakdown of private residential purchase transactions by SCs
|
Year
|
Age
|
Total Number of Transactions
|
|
Below 25
|
Between
25 and 29
|
Between
30 and 34
|
Between
35 and 39
|
|
2010
|
<1%
|
4%
|
13%
|
20%
|
28,001
|
|
2011
|
1%
|
6%
|
14%
|
20%
|
27,171
|
|
2012
|
2%
|
7%
|
14%
|
20%
|
30,445
|
|
2013
|
4%
|
10%
|
19%
|
21%
|
18,125
|
|
2014
|
3%
|
8%
|
17%
|
20%
|
11,791
|
|
2015
|
2%
|
9%
|
18%
|
21%
|
14,114
|
|
2016
|
2%
|
10%
|
17%
|
21%
|
16,810
|
|
2017
|
2%
|
9%
|
15%
|
19%
|
24,526
|
|
2018
|
2%
|
8%
|
14%
|
20%
|
20,960
|
|
2019
|
3%
|
8%
|
15%
|
21%
|
15,781
|
Note: Only includes transactions for which the main owner is SC. Transactions are classified based on the age of the main owner.
Source: IRAS
Of the private residential rental transactions (including ECs) of whole units by SCs over the past 10 years, the breakdown by age of the tenant is shown in Table 2 below.
Table 2: Breakdown of private residential rental transactions by SCs
|
Year
|
Age
|
Total Number of Transactions
|
|
Below 25
|
Between
25 and 29
|
Between
30 and 34
|
Between
35 and 39
|
|
2010
|
<1%
|
<1%
|
1%
|
5%
|
7,437
|
|
2011
|
<1%
|
<1%
|
1%
|
5%
|
7,390
|
|
2012
|
<1%
|
<1%
|
2%
|
6%
|
7,548
|
|
2013
|
<1%
|
<1%
|
3%
|
7%
|
7,375
|
|
2014
|
<1%
|
1%
|
4%
|
10%
|
8,314
|
|
2015
|
<1%
|
1%
|
6%
|
11%
|
9,094
|
|
2016
|
<1%
|
2%
|
8%
|
13%
|
9,989
|
|
2017
|
<1%
|
3%
|
9%
|
14%
|
10,386
|
|
2018
|
<1%
|
4%
|
10%
|
14%
|
11,890
|
|
2019
|
1%
|
5%
|
12%
|
15%
|
13,663
|
Note: Only includes transactions for which there is at least one SC tenant. Transactions are classified based on the age of the first SC tenant.
Source: IRAS