Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey
Diverging buyer capacities and scarce private housing supply could keep private prices firm even when public housing values weaken, widening cross-segment affordability gaps.
An NUS Ireus survey found 31 per cent of respondents expect Singapore’s private housing market to become structurally decoupled from the HDB market.
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[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.