Written answer by Ministry of National Development on private property purchases by Singapore Permanent Residents

Oct 14, 2025

Question No. 494

Question by: Ms Rachel Ong

To ask the Minister for National Development whether (a) the Ministry is monitoring private property purchases by Singapore Permanent Residents (SPR); and (b) whether purchases by SPR play a significant role in driving up private property prices or affect housing affordability for Singapore citizens.

Answer:

Singapore Permanent Residents (PRs) account for a small and stable share of private residential property transactions. In the first three quarters of 2025, the share of private residential property transactions by PRs was 13%, compared to an average of 15% in the past five years. The data shows that purchases by PRs are not a key driver for movements in private residential property prices.

We will continue to monitor the property market closely and adjust our policies as necessary to promote a stable and sustainable property market.