HDB Wait-Out Period for Private Home Owners May Be Relaxed Before 2027

Resale supply expected to rise, over 50,000 new flats to be launched: Chee Hong Tat

- Wong Pei Ting

The wait-out period for private property downgraders looking to buy a resale flat may be relaxed before 2027, with an expected rise in supply of new and resale flats.

Speaking at a community event in Toa Payoh on June 21, National Development Minister Chee Hong Tat said the supply of resale flats is expected to rise from 2026, as batches of Build-To-Order (BTO) flats affected by the Covid-19 pandemic hit their five-year minimum occupation period (MOP).

The Housing Board will also be launching more than 50,000 units from 2025 to 2027.

Mr Chee said he expects that the effect of a strong continued supply of new BTO flats and resale units would moderate resale prices, making it timely for the authorities to consider if the 15-month cooling measure should be partially or entirely removed.

He added that private property owners may not need to wait till 2027 or 2028 for a review of the wait-out requirement, which was introduced in September 2022.