Private property downgraders who are shopping on the upper end of the HDB resale flat market will likely face the biggest hurdle due to the 15-month wait-out period imposed on this group of buyers, said Ms Sun.
The number of million-dollar HDB resale flats, which has steadily gained pace since 2021, is expected to ease off in the light of the new measures.compared with 259 for the whole of 2021. One Global Group senior analyst Mohan Sandrasegeran said:"The momentum of million-dollar deals is likely to see signs of slowing down in the fourth quarter, and it would be a crucial factor that will eventually lead to slower velocity of price change."Huttons Asia senior director of research Lee Sze Teck said buyers of these million-dollar flats are increasingly turning their attention to five-room and large unit types for the spacious floor area.
Analysts said the upcoming mega BTO launch in November will likely draw some demand away from the resale market, especially among first-time buyers.in towns such as Bukit Batok, Kallang/Whampoa, Queenstown, Tengah and Yishun.
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