CNA·2 min read·medium

15-month wait-out period for private property owners to buy HDB resale flats removed: Chee Hong Tat

M
Matthew Mohan
15-month wait-out period for private property owners to buy HDB resale flats removed: Chee Hong Tat
AI Summary

Singapore's National Development Minister Chee Hong Tat announced the immediate removal of the 15-month wait-out period for private property owners looking to purchase HDB resale flats. The decision follows signs of stabilization in the HDB resale market.

HDB resale prices have fallen for two consecutive quarters since the start of the year.

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