The change, with immediate effect, will force new Singapore PRs to have to wait 3 years before being able to buy a resale flat. In the past, PRs were able to buy resale flats as soon as they became a PR.According to statistics released by Khaw Boon Wan, there are currently around 51 000 HDB flats owned by PRs (or 6% of all HDBs).
He also shared that this year, there were 130 flats sold by PRs within 3 years of their purchase, with another 320 sold within 4 years of purchase. A further 490 were sold by PRs within 5 years of their purchase.