by OrangeTee & Tie Pte Ltd.

Govt policy tweaks will have minimal impact on HDB resale prices, say analysts

Government Policies

March 2020

Singapore, 08 Mar 2020

The government has recently decided to discontinue the Re-Offer of Balance Flats (ROF) exercise as well as allow more unwed parents to buy public housing flats. However, many analysts do not believe that these policy changes will significantly shake up the property market. This is as the number of consumers who are either unwed or willing to purchase ROF flats are small, thus leading to minimal impact on demand.

Ms Christine Sun, head of research and consultancy at property agency OrangeTee, said the Government’s intention is not to create another type of demand.

“It’s not as if because of this policy change, people will rush to buy,” she said.

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