Will HDB prices rise with new income ceilings and removal of wait-out period?

If you’re a private condominium owner looking to downgrade, or a family considering buying a BTO flat, the two recent housing policy changes would have brought some relief.

In July, the 15-month wait-out period for private residential property owners who want to buy a non-subsidised HDB resale flat was lifted.

In his National Day Rally speech, Prime Minister Lawrence Wong announced that the income ceiling for BTO flats and new executive condominiums will be raised, and more ballot chances for first-timers with children.

How will these moves affect housing prices, and will there be more million-dollar flats as demand goes up? Also, with more people qualifying for a BTO, will it be harder to get a flat?

Chief researcher and strategist at Realion (Orange Tee & ETC) Group Christine Sun, and chief research officer at Mogul.sg Nicholas Mak, share their views on what moves we could possibly see in the property market.

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