Lifting of wait-out period unlikely to trigger price surge in HDB resale market: NUS survey
Incoming minimum-occupation-period supply and higher BTO and EC income ceilings may absorb downgrader demand, limiting upward pressure on HDB resale prices.
An NUS Ireus survey found 82% of property players expect HDB resale prices to ease or recover modestly after the 15-month wait-out period ended.
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[SINGAPORE] Market watchers do not expect HDB resale prices to surge after the government recently removed a 15-month wait-out period for private property downgraders.
In a survey by the National University of Singapore’s Institute of Real Estate and Urban Studies (Ireus), 41 per cent of respondents said they expect prices to moderate or even soften in the coming months, as a substantial supply of flats reach their minimum occupation period.
One respondent predicted that the higher monthly income ceiling for Build-To-Order (BTO) flats and new executive condominiums (ECs) could divert buyers away from the resale market, bringing prices down.