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Larger HDB resale flats to bear brunt of new property cooling measures; may drive up rents
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Buyers, including private home downgraders, who snapped up larger million-dollar flats helped fuel a 12.7 per cent increase in HDB resale prices in 2021.
ST PHOTO: LIM YAOHUI
SINGAPORE - The latest round of property cooling measures is a necessary and inevitable move to nip overleveraging in the bud.
There are already growing signs of overheating in both the Housing Board resale and private home markets amid rising interest rates and a gloomier economic outlook.
