Singapore signals housing market stability by scrapping 15-month HDB wait

Singapore has signalled stability in the public housing market by scrapping a 15-month waiting period that barred private property owners from buying resale HDB flats – even as other curbs remain in place. National Development Minister Chee Hong Tat announced the change on Tuesday, saying the government recognised that the rule had caused inconvenience and disrupted the plans of those with genuine housing need who wanted to move from a private property into a Housing Development Board (HDB)...

By Jean Iau