MP asks for ages of buyers of million-dollar HDB resale flats in past 8 years

If you're wondering too.

Zhangxin Zheng | September 19, 2023, 11:00 AM

Telegram

Whatsapp

Million-dollar HDB resale flats have been making headlines in the past few months.

What has not been reported are the profiles of the buyers of such flats or their demographic mix.

In light of this data being excluded, Ang Mo Kio GRC Member of Parliament Gan Thiam Poh asked the Minister for National Development for the ages of those who have bought million-dollar HDB resale flats and the percentage of Singapore's permanent residents who have done so in the past eight years.

Median age: 40 years old

In response, Minister for National Development Desmond Lee said from July 2015 to June 2023, less than 1 per cent of the HDB resale transaction registered were sold for a million dollars or more.

Among these buyers, the median age was 40 years old.

About 94 per cent of the buyers were Singapore citizens while about 6 per cent were permanent residents.

Related story

Top image by Kas Chen