News

Residential Property

Gerv Tacadena

, Singapore

Published:

9 years ago

Share of HDB flats in property market slumps in 2016

But it is expected to remain stable until 2020.

The number of HDB flats in the market increased from 880,000 units in 2006 to around 1.01m units in 2016, National Development Minister Lawrence Wong said.

However, its ratio to the number of private properties is apparently going down, falling from 78% in 2006 to 73% 10 years after.

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% to 27%.

But from this year until 2020, Wong noted that the proportion of HDB flats to non-HDB flats will remain stable at 72% to 28%.

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