Tighter HDB loan limit will cool resale flat prices; choice units should still see firm demand

INCREASINGLY, an adage of Singapore’s housing market is that when prices rise strongly, the government will quickly intervene to cool things.

The latest round of property cooling measures zeroed in on the Housing and Development Board (HDB) market, where resale flat prices have lately been growing much faster than private home prices.

In the second quarter of 2024, the HDB resale price index rose 2.3 per cent from the previous quarter. The index was up 4.2 per cent from Q4 2023 and 6.6 per cent year on year (yoy).