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Allowing singles to buy new flats will help cool resale market: analysts
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Allowing singles to buy new flats will help cool resale market: analysts

SINGAPORE: Plans are under way to allow singles to buy new flats directly from the HDB in the future.

Some analysts estimate that if the new policy is implemented, half the number of singles buyers in the resale flat market will move to Build-To-Order (BTO) flats.

Analysts say this will cool the resale flat market, but only in two or three years' time when the BTO flats are completed.

Latest data from local property firm PropNex show that singles form some 16 per cent of buyers in the HDB resale market.

... more, see source.

With Thanks To Source: http://www.channelnewsasia.com/stories/singaporelocalnews/view/1224999/1/.html
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