Owners who hold a second private unit and lease it out sat at the centre of a Stacked Homes opinion article dated 12 October 2026. Its deputy editor weighed a suggestion from some Members of Parliament to tax multiple-property ownership, and concluded that the measure might reshape motives while doing little to return the kind of homes most purchasers seek.
The article traces many second homes to the "sell one, buy two" years, when families typically lived in a larger unit and leased out a one- or two-bedder bought alongside it. A large share of landlord-held stock is therefore compact.
Stacked Homes adds that around 80% of Singaporeans live in HDB flats, that each person is limited to one such flat, and that private homes represent roughly 20% of homeowners. On that reading, the units most exposed to such a tax are the ones landlords lease out, while their own homes tend to be the larger ones.
Most condo buyers, the article says, are HDB upgraders after a family-sized home. If a tax nudged landlords into selling their one- and two-bedders, the deputy editor argues, the released supply would match that demand poorly. Owners who bought later also operate within Additional Buyer's Stamp Duty and debt-servicing limits, constraints the earliest multi-property buyers did not meet.
Two suggestions stand out, both presented as the writer's own proposals and not as government measures. The first would let HDB owners retain their flat if they buy private property once the five-year Minimum Occupation Period is over, with the order of purchase mattering: the flat comes first. The second would set a lower loan quantum for second and later properties, even where the owner carries no outstanding loan. The article further argues that taxing property while leaving shares and businesses untouched would change the form in which wealth is held, not tackle inequality.
Stacked Homes tallied 538 private home transactions from 28 September to 4 October 2026: 5 sub-sales, 132 resales and 401 new sales. Both new launches and the resale market feed the pool of homes the debate is about.
One Chuan Grove is a pre-launch condominium planned on the Chuan Grove parcel off Lorong Chuan, District 19, on a 99-year lease. Sing Holdings Residential Pte Ltd holds 65% of the venture and Sunway Developments Pte Ltd the remaining 35%; the land tender closed on 8 July 2025. Around 550 homes are planned, and Lorong Chuan MRT (CC14) is 520 m away, with the wider neighbourhood set out on the location page. The unit mix, floor plans and brochure will be published as the developer releases them.
Owners and upgraders can arrange a call with the Sales Concierge for release details.
Source: Stacked Homes deputy editor's opinion column of 12 October 2026, including its weekly sales tally.
General information only, not financial or legal advice.
Source: Stacked Homes. This article is independent commentary; One Chuan Grove is not affiliated with the parties mentioned.
The e-brochure, the floor plans and the pricing reach registered parties as the developer issues them.