Data on HDB Flat Owners with Second Property

40 Dr Shahira Abdullah asked the Minister for National Development (a) what is the current percentage of HDB home owners 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.

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

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.

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