While the removal of the 15-month wait-out period aims to increase housing mobility for private property owners purchasing non-subsidised HDB resale flats, some market watchers caution that this may lead to increased demand that could put upward pressure on resale flat prices.
The initial purpose of the wait-out period was to moderate demand and stabilize prices in the HDB resale market; removing this restriction might reverse some of the recent price moderation unless accompanied by adequate housing supply.
Critics also highlight that without the waiting period, some private property owners might engage in quicker property transactions, potentially leading to speculative behavior, despite the requirement to sell private property within six months.
The government would need to closely monitor market developments and consider additional measures if necessary to ensure housing remains affordable and accessible for all Singaporeans.