Rule changes keep property speculators at bay
Share of resale HDB flats bought by private property owners falls to 4.3 per cent
Fewer speculators have been snapping up Housing Board resale flats following a rule change designed to keep them out of the market.
Fresh figures show the number of private property owners buying HDB units has been gradually falling over the past three years.
It follows a change to the regulations in 2010 that required them to sell off their existing private homes within six months of buying an unsubsidised resale flat.
The move was aimed at keeping out speculators, who have been blamed for pushing up prices by buying flats as investments.