Published:
More than half of home owners today bought their units in resale market
Permanet Residents are thrice as many as one would expect for a suburban private property.
Here's from Square Foot Research:
The resale market, beyond the 5‐year MOP, consists of 66% Singaporeans, 29% Permanent Residences
(PRs) and 5% foreigners.
More than half of the current owners bought their units in the resale market.
The number of PRs is almost three times as many as one would expect for a suburban private property.
This is in part due to the resale restriction from the fifth to tenth year after completion, where only Singaporeans and Singapore PRs are eligible to purchase.
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