MP Louis Chua

47 Mr Chua Kheng Wee Louis asked the Minister for National Development in each year from 2018 to 2022 (a) what is the number of first-time buyers of a resale HDB flat; and (b) what are the 25th percentile, median, average and 75th percentile (i) household incomes and (ii) purchase price to income ratios for such buyers.

Mr Desmond Lee: The (i) number of first-timer families who bought a resale HDB flat, (ii) household incomes and (iii) house price-to-income (HPI) ratio for these families, from 2018 to 2022, are in Tables 1A and 1B.

Over the past two years, there has been upward momentum in HDB resale prices, reflecting a broad-based increase in public housing demand. To moderate demand in the HDB resale market, we introduced cooling measures in December 2021 and September 2022. 

 The Government remains committed to keep public housing inclusive, affordable, and accessible to Singaporeans. We will continue to monitor the property market and are prepared to make further moves if needed to ensure a stable and sustainable property market.

Ministry of National Development
9 January 2023

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