SINGAPORE — The Housing & Development Board (HDB) is seeing some moderation in the rate of increase in resale prices after property cooling measures were implemented.
were a wait-out period of 15 months before private property owners can purchase a non-subsidised HDB resale flat and the lowering of loan-to-value limit for HDB housing loans.
The price increase was mainly driven by five and four-room flats, said OrangeTee & Tie's senior vice president of research and analytics, Christine Sun. Ms Sun warned that demand for resale flats may increase further in the second half of this year with stricter rules imposed for the"First-timers who lose their priority when they reject HDB's offer to pick BTO flats will likely turn to the resale market," she said.HDB said the resale volume in the second quarter up to June 29 this year was 6,409. This was 4.6 per cent lower than the same period last year.
Additionally, buyers were lured to the BTO market as the HDB increased the supply of flats with shorter waiting times, Mr Lee said.HDB also said a total of 13,000 BTO flats will be offered in the second half of this year, about 31 per cent more than the 9,923 units launched in the first half of the year.
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