PR buying HDB resale flats must wait three years

3 years wait for pr

The new rule announced on 27/08/13, stating that PR household in Singapore must wait three years after obtaining PR status before they can buy an HDB resale flats.

The new rule make it harder for PR to buy HDB resale flats, and they may seek to buy mass market condo.  However as not all PR may want or afford to buy mass market condo, this may lead to them renewing their current rental lease or continuing renting.

On the backdrop of huge number of BTO flats being build and the introduction of this new rule, it will affect the current HDB resale market. HDB flat sellers may face more challenge in selling their flats. HDB resale flat transaction volume may fall due to the new rules.

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Posted on August 27, 2013, in General Updates. Bookmark the permalink. Leave a comment.

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