Wednesday, October 17, 2012

Singles getting resale flats bottom out

4,300 flats are bought from an average of 5,600 a year.

According to a written response by Ministry of National Development to Mr Gan Thiam Poh's queries, singles have been able to buy resale flats since the introduction of the Joint Singles (JS) Scheme in 1990 and the Single Singapore Citizen (SSC) Scheme in 1991.

Here's more from MND:

Between 1992 and 2011, singles bought an average of 4,600 resale flats yearly.

There is no rising trend of more singles buying resale flats. In fact, the number of singles buying resale flats has fallen from an average of 5,600 flats a year between 2002 and 2006, to an average of 4,300 flats a year between 2007 and 2011.

Singles have been allowed to buy any flat type on the resale market since 2004. Prior to this, they were only allowed to buy 3-room or smaller resale flats. 3-room flats remain the most popular flat type purchased by singles, although the proportion of singles buyers buying 4-room and 5-room flats has increased.

In 2005, 60% of singles buyers bought 3-room flats, 26% bought 4-room flats, and 9% bought 5-room flats. In 2011, 48% of singles buyers bought 3-room flats, 33% bought 4-room flats, and 13% bought 5-room flats.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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