Fewer private property owners buying HDB flat.

HDB buyerFewer speculators have been snapping up Housing Board resale flats following a rule change designed to keep them out of the market. Fresh figures show the number of private property owners buying HDB units has been gradually falling over the past three years. It follows a change to the regulations in 2010 that required them to sell off their existing private homes within six months of buying an unsubsidised resale flat. The move was aimed at keeping out speculators, who have been blamed for pushing up prices by buying flats as investments.

Base on HDB’s Statistic, percentage of private property owners buying resale HDB has fall from 11.8% in the first 8 months of 2010 to 4.3% in the first 6 months of 2013.
Fewer Private property owners buying HDB flats

At least for now, the asking price from seller seems more realistic.

Source – Straits Time, HDB

 

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