20,000 people own 3 to 10 private homes in S’pore: Ministry

Romesh Navaratnarajah6 Feb 2018


Only a few people own over 10 private homes in Singapore, revealed the Ministry of National Development.

Fewer than 200 people currently have more than 10 private residential properties in Singapore, according to a written answer from the Ministry of National Development released on Monday (5 February).

It stated this in response to a query from Gan Thiam Poh, MP for Ang Mo Kio GRC, who also asked about the current number of individuals who own a specific number of private units.

“About 381,000 Singapore citizens, permanent residents, and foreigners own one private residential property in Singapore.  About 59,000 own two (and) 20,000 own three to ten private residential properties,” replied the Ministry.

“Of these private residential property owners, 15 percent also own an HDB flat,” it said in response to another question from Gan, who worked as a Senior Vice-President at DBS Bank.


Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

Mar 13, 2018
I wonder too, the answers to Susan’s question.
susan varghese
Feb 07, 2018
the number of people owning private properties is meaningless except in comparison to the number of private properties in singapore. then you can gauge a percentage and ask who is owning the rest of the private properties. if you roughly sum up the numbers as provided of persons owning private properties, it seems it suggest there are very few private properties out there in singapore so how many condos and landed homes do we really have in singapore?

You may also like these articles

Private home prices rise for 2 straight quarters

Overall private home prices in Singapore rose by 0.8 percent in Q4 2017, marking its second straight quarter of increase versus the 0.7 percent growth in Q3 2017, according to the latest data released

Continue Reading29 Jan 2018

Singapore’s overseas property investment soared 40% in 2017

Singapore’s overseas real estate investment surged by around 40 percent to a record US$28.4 billion (S$37.2 billion) in 2017, making it the fifth-biggest source of capital globally, after the US, Ho

Continue Reading30 Jan 2018

Sentosa Cove penthouse up for auction

The last owner paid $5.64 million, or $1,919 psf for the four-bedroom unit in 2011. (Photo: Edmund Tie and Co)A two-level penthouse on the sixth storey of The Berth by the Cove will be placed under th

Continue Reading5 Feb 2018