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What the end of the HDB wait-out rule means for private homeowners | Money Talks

CNA

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The government has removed the 15-month wait-out period for private homeowners buying non-subsidised HDB resale flats, marking the end of one of Singapore's property cooling measures. PropNex executive chairman Ismail Gafoor joins Andrea Heng to explain why the rule was lifted, what it could mean for HDB resale prices and how this affects anyone thinking about right-sizing.

Highlights:
00:00 Intro
02:02 Why the wait-out period existed
04:41 Why the government lifted it now
05:28 What really cooled HDB prices
07:07 How many buyers were held back?
08:58 Will HDB resale prices rise again?
10:48 Which flats right-sizers prefer
13:27 What happens to private home supply?
16:47 Which cooling measures remain?
18:30 Three things to consider before right-sizing

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#MoneyTalksPodcast #singapore #property #cnapodcasts

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20 Comments

@renatang7275 2 months ago

Thank u for good sharing. Good job Mr. Ismail

@hadoken8014 1 month ago

on the contrary, being on the lookout for a resale flat for the past 3 months, some listings have increased their ask around $30-50k since the news.

@essjay9768 1 month ago

Reminder : The price of a house that you live in does not matter. Go up go down doesnt matter, you live there. Only it you have 2nd property then appreciation or depreciation matter to you.

Dont lose sleep over crashing property market if you have only 1 house 🙂

@vivianviv7955 1 month ago

Many companies have canceled work from home program therefore larger space may not required for owner to downgrade from private properties to hdb. Maybe for those retiring will consider.

@maju.portal 1 month ago

Singapore to take in between 25,000 and 30,000 new citizens a year over the next five years [Ref: ST 26 Feb 26].
So, before the next election, expect another over 100,000 new citizens.
TFR should be pegged into the formula of the ministers pay scale. Falling TFR means straight pay cut.
Unlike GDP — which can be propped up by mass immigration, state spending, and tax-driven capital inflows — the TFR reflects how ordinary Singaporeans truly feel about their economic prospects. It's a harder number to spin.

@pollycheng3343 2 months ago

❤

@maju.portal 1 month ago

Does restricting/throttling the supply of Build-To-Order (BTO) flats drive up open-market resale transactions, which the independent Chief Valuer then uses to determine fair market value—especially with median BTO wait times currently at about 4 years?

@maju.portal 1 month ago

No human willingly downgrades their living conditions or leaves a home they love if they have a better choice. Calling it a "lifestyle choice" downplays the intense financial pressure, stress, and anxiety that forces people into these decisions. When people take this step, it is almost always an act of survival or necessity rather than a preference; e.g.
Rising Cost Pressures
Retirement Survival
Debt Relief

@leeaaron7856 2 months ago

One word : Buyer's market. No more ATH prices from now. Good luck for those who bought at sky high prices.

@GelkiangEr 2 months ago

23% upcoming projects paying higher since shortage of supplies during the Covid-19 pandemic 😷 many people working from home.

So bar Pte owners 15 months
And now release 2026 July
More 1400 appeals to MP.

More and more appeals
Suddenly 2000 can buy 4 rooms to find right sizes?
Downsizing due to loose jobs oil crisis. Difficulty to sell Pte
BTO 770 is more expensive
Bishan

@JohnnyLim-e9y 2 months ago

Will the rsale prices go up????

@polioandrolio 1 month ago

He just doesn't want everybody to go and buy HDB because there's no money to be made in HDBs.

@pollycheng3343 2 months ago

Thanks boss

@lsjtony 1 month ago

Why the price can not go negative?

@marktn9851 1 month ago

- More property transactions, good for jobs, tax$.
- Resales prices were depressed using fiscal policies(aka artificially), ofc can go much higher now so asap for serious buyers.
- 5-rooms and above much bigger but older versions r really a first-come-first-serve commodity since newer ones r much smaller with very little supply... main purpose to get bigger unit is to rent 2 rooms for extra pocket$, esp those with 4 bedrooms. 2 rentals, 1 master(self) and one for domestic helper. Make good sense?

@rajkumarvelupillai1447 2 months ago

Great sharing. Well articulated Mr Ismail.

@essjay9768 1 month ago

Resale market crash for sure. Sell as fast as you can or cant see these prices for another decade...

@kelvinseah5744 2 months ago

Good sharing. Thank you.

@Lycan39 2 months ago (edited)

In short, got money you buy, no money you sell. 😅 Don't wait till tax.

SG prop makt very SOP one unless Gov step in. 😂

Since 2023 till current, Big trade small prop flow high. Big prop sell also consistent.

Gov knew influx incoming... of cos loosen the reigns bitsy.