Written Answer by Ministry of National Development on the lower quartile, median and upper quartile prices of resale HDB flats before and after subsidies, with a breakdown by first-time and repeat buyers, for each year in the past three years
Jan 10, 2022
Ms Hazel Poa: To ask the Minister for National Development for each year in the past three years, what is the lower quartile, median and upper quartile prices of resale HDB flats before and after subsidies, with a breakdown by first-time and repeat buyers.
Answer:
HDB resale flats are transacted at prices mutually agreed upon between flat sellers and buyers. Eligible first-timer families who buy a resale flat can enjoy up to $160,000 in housing grants, comprising a CPF Housing Grant of up to $50,000, an Enhanced CPF Housing Grant of up to $80,000 and a Proximity Housing Grant (PHG) of up to $30,000.
First-timer Buyers
Between 2019 and 2021, the prices of resale HDB flats bought by Singaporean first-timer families are tabulated below.
2-Room Resale Flats
| |
Before Housing Grants
|
After Housing Grants
|
25th Percentile
|
$220,000 to $250,000
|
$136,000 to $180,000 |
| Median |
$230,000 to $274,000 |
$175,000 to $204,000 |
75th Percentile
|
$240,000 to $288,000
|
$200,000 to $228,000
|
3-Room Resale Flats
|
Before Housing Grants
|
After Housing Grants
|
25th Percentile
|
$260,000 to $313,000
|
$177,000 to $227,000 |
| Median |
$290,000 to $351,000 |
$223,000 to $273,000 |
| 75th Percentile |
$331,000 to $399,000
|
$280,000 to $336,000
|
4-Room Resale Flats
| |
Before Housing Grants
|
After Housing Grants
|
25th Percentile
|
$360,000 to $438,000
|
$290,000 to $350,000 |
| Median |
$418,000 to $487,000 |
$355,000 to $414,000 |
75th Percentile
|
$500,000 to $579,000
|
$445,000 to $514,000
|
5-Room Resale Flats
| |
Before Housing Grants
|
After Housing Grants
|
25th Percentile
|
$420,000 to $500,000
|
$365,000 to $435,000 |
| Median |
$480,000 to $560,000 |
$425,000 to $505,000 |
75th Percentile
|
$572,000 to $650,000
|
$525,000 to $600,000
|
Second-timer Buyers
While second-timer families do not receive the CPF Housing Grant and Enhanced CPF Housing Grant, they may be eligible to enjoy a PHG of up to $30,000 and/or a Step-Up CPF Housing Grant of $15,000.
The Government will continue to monitor the housing market conditions closely and ensure that Singaporeans have access to affordable public housing.