Why HDB Prices Will Fall After Plus and Prime?
Description
The video, hosted by a property analyst known as Pete, examines the potential impact of the newly launched "Plus and Prime" HDB flats on resale HDB prices in Singapore. Pete argues that a combination of factors, including a mandatory 10-year minimum occupancy period, restrictions on renting out the entire flat, and a subsidy clawback mechanism upon resale, will likely deter buyers from paying exorbitant prices for these new flats. He further asserts that the income ceiling imposed on these flats, coupled with the longer waiting period for private property owners to buy a resale HDB flat, will further dampen demand. These factors, Pete concludes, could lead to a gradual decline in HDB prices, although the effect may be delayed due to the existing large supply of older HDB flats that do not have these restrictions.
(This is an AI generated podcast)
United States
