HDB

The HDB resale market may have received a new lease of life after the Government announced new changes that allow property buyers greater flexibility in using their Central Provident Fund (CPF) and get bigger housing loans for their property purchases, so long as the property’s remaining lease covers the youngest buyer till the age of 95.

HDB resale volume may rise in tandem with more flats reaching their five-year MOP this year. With more flats possibly being placed on the resale market, prices may face downward pressure for some flats.

Demand for HDB resale flats remained resilient last year as the total resale volume rose 4.6 per cent year-on-year (y-o-y) to 23,099, reaching a new high since 2012 (Chart 1).