S1E109: Lifting of wait out period for private home owners could flood HDB market with cash-rich buyers

If you own a private condominium unit and are looking to downgrade, or a family considering buying a BTO flat, the two recent housing policy changes would have brought some relief. In July, the 15-month wait-out period for private residential property owners who want to buy a non-subsidised HDB resale flat was lifted. In his National Day Rally speech, Prime Minister Lawrence Wong announced that the income ceiling for BTO flats and new executive condominiums will be raised, and more ballot chances for first-timers with children. How will these moves affect housing prices, and will there be more million-dollar flats as demand goes up? Also, with more people qualifying for a BTO, will it be harder to get a flat? Chief researcher and strategist at Realion (Orange Tee & ETC) Group Christine Sun, and chief research officer at Mogul.sg Nicholas Mak, share their views on what moves we could possibly see in the property market. Highlights (click/tap above): 1:55 Three groups who will benefit 6:40 Will BTO application rates surge? 9:00 Why million-dollar flats still sell 12:55 Did the income ceiling for ECs need to be raised? 17:14 Should the Govt claw back EC subsidies? 25:48 Will BTOs get more expensive? 30:35 Why Nicholas doesn’t see the singles eligibility age dropping 37:36 Will there be an oversupply in ‘ulu’ areas? 41:32 Why so many 2-room flats? 44:53 No 3-room flats is ‘a bit too extreme’: Nicholas Host: Natasha Ann Zachariah ([email protected]) Read Natasha’s articles: https://str.sg/iSXm Follow The Usual Place podcast on IG: https://str.sg/8KNT Follow Natasha on LinkedIn: https://str.sg/v6DN Filmed by: Studio+65 Edited by: Eden Soh Executive producer: Danson Cheong Producers: Natasha Ann Zachariah, Elizabeth Law & Zachary Lim Follow The Usual Place Podcast and get notified for new episode drops every Thursday: Channel: https://str.sg/5nfm Apple Podcasts: https://str.sg/9ijX Spotify: https://str.sg/cd2P YouTube: https://str.sg/theusualplacepodcast Feedback to: [email protected] --- Follow more ST podcast channels: All-in-one ST Podcasts channel: https://str.sg/wvz7 Get more updates: http://str.sg/stpodcasts --- Get The Straits Times app, which has a dedicated podcast player section: The App Store: https://str.sg/icyB Google Play: https://str.sg/icyX -- #tup #tuptrfSee omnystudio.com/listener for privacy information.