The government has lifted the 15-month wait-out period for private property owners looking to purchase resale Housing & Development Board (HDB) flats. The policy was originally introduced as a temporary cooling measure to dampen demand and curb rising prices in the public housing resale market by requiring private residential property owners to wait 15 months after selling their homes before buying an HDB resale unit. The removal of the restriction allows former private homeowners immediate access to the resale public housing market upon selling their private properties.
- The 15-month wait-out period for private property owners purchasing HDB resale flats has been officially removed.
- The policy was initially implemented as a temporary property cooling measure to moderate resale market demand and price escalation.
- Seniors aged 55 and above transitioning to four-room or smaller resale flats were previously granted exemptions from the requirement.
- Private residential property sellers can now buy HDB resale units immediately after completing the sale of their private homes.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
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"We intend to keep the value of these homes up, it will never go down. Because it will be renewed, the surroundings will improve, and as Singapore prospers, GDP goes up, the value of homes will go up."
Lee Kuan Yew
2013, at the launch of Tanjong Pagar's 5-year Master Plan
Good evening host 🙋🏻♂️♥️
Second hand market that without subsidy. Ask you sell first class condo and buy the resale market that the lease less than 60 years.
The good-for-nothing government party create more jobs for foreigners and foreign workers working in Singapore, and for PR and new citizens, while Singaporeans are forced to serve NS to protect these foreigners and foreign workers, and PR and new citizens.
The good for nothing government party is wasting electricity by putting more than one thousand machines around Singapore running 24hr every day to collect back empty plastic bottles.
Also sg soldiers are for show only, cannot fight during war or don't want to fight during war, escape is the most important thing during war. We as sg soldiers before so we know.
Families and firms said it is time the government release the singapore reserve money and gold bars to help them in this difficult "war on Iran" time.
Also more types of toxic foods and all types of toxic jabs, as well as more toxic vapes are coming into Singapore/coming to Singaporeans.
But Singapore cannot have nuclear plant in the future because people from overseas are waiting " to do something bad " on the nuclear plant
Nothing good/best deals are going to come out from the government party big mouth, their big mouth are use for keeping their own self collect own self highest pay.
The good-for-nothing government party is building more condos for foreigners working in Singapore and building more HDB flats for new citizens, while Singaporeans are forced to serve NS to protect foreigners and foreign workers in Singapore, and protect PR and new citizens.
The good for nothing government party is wasting electricity by putting more than one thousand machines around Singapore running 24hr every day to collect back empty plastic bottles.
The good for nothing government party talk is one thing, but do is another thing, we as Singaporeans of course we know.