News analysis

Larger HDB resale flats to bear brunt of new property cooling measures; may drive up rents

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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.