Money in the Market: Is this the best time to buy property? Is it the best time to rent?

from The Afternoon Update with Lynlee Foo · host MONEY FM 89.3

Housing was one of the central themes of Prime Minister Lee Hsien Loong’s National Day Rally speech. In fact, under a new framework designed to ensure affordability and cap resale prices of public housing, buyers of new HDB flats in sought-after locations will be subject to stricter resale conditions from next year. Will these measures have a big impact on the property market? And When can we see the effects coming in? Separately, it looks like million-dollar flat transactions hit a new high in August 2023. What’s driving these transaction volumes? Is this the best time to buy property? And for renters, have rental prices finally tumbled? On Money in the Market, Hongbin Jeong speaks to Audrey Siek, Show Host and Producer, Ohmyhome, to find out more. See omnystudio.com/listener for privacy information.