Changes in HDB grants: Resale flats' prices may not rise in tandem but EC crunch could worsen

To keep public housing affordable, the Government will most likely monitor the market and ramp up the supply of new flats if needed.
To keep public housing affordable, the Government will most likely monitor the market and ramp up the supply of new flats if needed.PHOTO: ST FILE

While the resale market for ageing flats is set to see a boost from changes to housing grant schemes that kicked in on Wednesday (Sept 11), the prices of such flats may not necessarily rise in tandem with increased demand, property observers said.

This is because the Government is likely to increase the supply of new flats to match the higher overall demand and keep housing prices under control, they added.

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