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.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

Central banks eye Asia for safe gold storage: DBS
The central bankers identified legal stability and political neutrality as important considerations.
Stablecoins seen cutting FX costs, hidden fees
Yet one in 10 Singaporeans were denied a new account or merchant gateway.