Written Answer

Good Class Bungalows Purchased by Non-citizens Under Special Approval

Speakers

Transcript

9 Mr Leong Mun Wai asked the Minister for Law (a) whether there are any Good Class Bungalows (GCBs) bought by non-citizens under special approval since 2000; and (b) if so, how many GCBs have been approved for such purchase.

Mr K Shanmugam: For the last 10 years, from 2012 to 2021, there have been five approvals given under the Residential Property Act (RPA) for the acquisition of Good Class Bungalows (GCBs) by non-Singaporeans. The acquirers were Singapore Permanent Residents (SPRs). Of the five GCBs, two were inheritance cases, involving transfers between family members. Thus, only three GCBs in the past 10 years were new purchases.

Applications to purchase GCBs are carefully assessed against stringent criteria and approvals are only granted to SPRs that meet the criteria.

The data has to be collated manually and takes effort and time. If the Member requires the collation of transaction data further beyond 2012, which is the last 10 years, he can write to the relevant agencies with the reasons for his request. The agencies will then look for and collate the data.