National Development Minister Chee Hong Tat announced that the 15-month wait-out period for private home-owners to buy HDB flats has been lifted, in order to stabilise falling HDB prices. Introduced in September 2022, the 15-month wait-out period was aimed at curbing demand from cash-rich private home owners looking to buy a non-subsidised resale Housing Board flat.
Additionally, Senior Minister of State for National Development and Transport Sun Xueling announced that property agents will have to brace for stricter rules like completing at least three transactions over three years or passing a refresher examination to remain registered under new rules aimed at improving transparency and raising standards in Singapore’s real estate agency industry.
