Written answer by MND on current number of HDB flats that have not been resold by their first owner

Jan 10, 2023

Question No: 2549

Question by: Mr Leong Mun Wai

To ask the Minister for National Development what is the current number of HDB flats that have not been resold by their first owner.

Answer:

HDB flats are primarily meant for owner-occupation, and hence all flat owners are subjected to a 5-year Minimum Occupation Period (MOP), or a 10-year MOP for Prime Location Public Housing (PLH) flats, before they can sell their flat on the open market.

2        As at Dec 2022, there are about 379,700 flats purchased from HDB that have not been resold by their first owner.

3        Flat owners resell their flats for various reasons, such as to purchase a larger flat to accommodate a growing family, or to right-size for their needs. They may also prefer to move nearer to aging parents or their children for mutual care and support.