Rich Folks Who Sell Their Private Property Must Now Wait 15 Months Before They Can Bu

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Rich Folks Who Sell Their Private Property Must Now Wait 15 Months Before They Can Bu

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01-10-2022, 12:10 AM

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Rich Folks Who Sell Their Private Property Must Now Wait 15 Months Before They Can Bu

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE - The 15-month wait-out period imposed on current and former private property owners will moderate demand for Housing Board resale flats and keep them affordable, especially for first-time home buyers, said National Development Minister Desmond Lee.

This is because private residential property owners generally have more means to buy resale flats than first-time home buyers or existing HDB flat owners,...

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