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S1E109: Lifting of wait out period for private home owners could flood HDB market with cash-rich buyers
If you own a private condominium unit and are looking to downgrade, or a family considering buying a BTO flat, the two recent housing policy changes would have brought some relief.
In July, the 15-month wait-out period for private residential property owners who want to buy a non-subsidised HDB resale flat was lifted.
In his National Day Rally speech, Prime Minister Lawrence Wong announced that the income ceiling for BTO flats and new executive condominiums will be raised, and more ballot chances for first-timers with children.
How will these moves affect housing prices, and will there be…
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