Singapore’s 15-month wait-out period for private property owners who want to buy HDB resale flats is removed, according to Minister for National Development Chee Hong Tat. The measure previously restricted owners of private residential properties from purchasing HDB resale flats within a set period after acquiring or owning private property. Chee says the Government reviews such cooling measures based on market conditions and that conditions have improved since the measure was introduced. The Government also assesses that the cooling policy has met its intended purpose. Both outlets report that the change is linked to the evaluation of current property market dynamics and the effectiveness of the existing rule. The removal means eligible private property owners are no longer subject to the 15-month waiting period before purchasing HDB resale flats, though other HDB resale eligibility requirements still apply. The articles do not specify additional details such as the effective date in the provided text.
15-month wait-out period for private property owners to buy HDB resale flats removed
Singapore’s 15-month wait-out period for private property owners who want to buy HDB resale flats is removed, according to Minister for National Development Chee Hong Tat. The measure previously restr...
- The 15-month wait-out period for private property owners to buy HDB resale flats is removed.
- The change is announced by National Development Minister Chee Hong Tat.
- The Government says market conditions have improved.
- The Government says the cooling measure has met its purpose.
- The removal applies to the wait-out period; other eligibility requirements for HDB resale flats are not described in the reports provided.
Chee said market conditions have improved and the Government has assessed that the cooling measure has met its purpose.
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