09 May '17, 3am

Proportion of HDB flats down in 2016

As Singapore’s total housing stock share of private properties increases to 27 percent, HDB flats falls 73 percent to 1.011 million units in 2016. While the number of HDB flats increased from 880,000 units in 2006 to 1.011 million units in 2016, the proportion of such flats out of the total housing stock fell from 78 percent to 73 percent, revealed National Development Minister Lawrence Wong in Parliament on Monday. Meanwhile, the number of private properties, including landed ones, rose from 243,000 to 372,000. This brings their share of the total housing units from 22 percent to 27 percent. Wong made the statement in replying to Gan Thiam Poh’s (Ang Mo Kio GRC) query on the proportion of different dwelling units in Singapore. Looking ahead, Wong expects the proportion of HDB flats to non-HDB flats to remain stable. “Our projections are that in 2020, the proportion of HDB...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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