# Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey

- **Source:** The Business Times
- **Published:** 2026-06-29T08:55:17.000Z
- **Author:** Ry-Anne Lim
- **Original:** https://www.businesstimes.com.sg/property/singapore-private-housing-decoupling-hdb-market-buyer-pools-diverge-nus-survey
- **Topics:** HDB & Public Housing, Private Residential, Government & Policy

## Featured rationale

Diverging buyer capacities and scarce private housing supply could keep private prices firm even when public housing values weaken, widening cross-segment affordability gaps.

## AI summary

An NUS Ireus survey found 31 per cent of respondents expect Singapore’s private housing market to become structurally decoupled from the HDB market.

## Original article

[SINGAPORE] A structural divide may be emerging between Singapore’s public and private housing markets, as widening affordability gaps and policy measures increasingly shape buying dynamics.

In a survey by the National University of Singapore’s (NUS) Institute of Real Estate and Urban Studies (Ireus), 31 per cent of respondents said they expect the private market to eventually become “structurally decoupled” from the Housing & Development Board (HDB) market, driven by “distinct buyer profiles with differing capacities and capital outlays”.

Another 29 per cent said that ongoing supply scarcity will keep private home prices firm, regardless of fluctuations in the public housing market.

## Chinese translation

> Translation model: grok

### 新国大调查：私人住宅与HDB市场“脱钩”，买家群体分化

受访者认为，转变由“购买力与资金投入各不相同的买家画像”驱动

[新加坡] 随着负担能力差距扩大，以及政策措施日益影响购房动态，新加坡公共与私人住宅市场之间或正出现结构性分野。

在新加坡国立大学（NUS）房地产与城市研究所（Ireus）的一项调查中，31%的受访者表示，预计私人住宅市场最终将与建屋发展局（HDB）市场“结构性脱钩”，驱动因素是“购买力与资金投入各不相同的买家画像”。

另有29%的受访者认为，持续的供应紧张将使私人住宅价格保持坚挺，无论公共住房市场如何波动。