Statistics on Private Property Purchases by Permanent Residents and Impact of Such Purchases on Housing Prices

109 Miss Rachel Ong asked the Minister for National Development whether (a) the Ministry is monitoring private property purchases by Singapore Permanent Residents (SPR); and (b) whether purchases by SPR play a significant role in driving up private property prices or affect housing affordability for Singapore citizens.

Mr Chee Hong Tat: Singapore Permanent Residents (PRs) account for a small and stable share of private residential property transactions. In the first three quarters of 2025, the share of private residential property transactions by PRs was 13%, compared to an average of 15% in the past five years. The data shows that purchases by PRs are not a key driver for movements in private residential property prices.

We will continue to monitor the property market closely and adjust our policies as necessary to promote a stable and sustainable property market.