Changes in HDB grants: No price spikes for resale flats but EC crunch could worsen

While the resale market for ageing flats is set to see a boost from changes to housing grant schemes that kicked in yesterday, 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.