Younger HDB buyers likely to be more prudent: Observers

Besides encouraging prudence among young buyers, the policy tweaks should also see obvious winners in sellers of ageing flats and buyers, who now have more options to pick from, observers said.
Besides encouraging prudence among young buyers, the policy tweaks should also see obvious winners in sellers of ageing flats and buyers, who now have more options to pick from, observers said.ST PHOTO: KUA CHEE SIONG

Policy changes will probably nudge such buyers towards BTO or newer resale flats

Younger people may not be able to get as much in Central Provident Fund (CPF) monies or Housing Board loans to buy ageing flats, but they still benefit from policy changes announced yesterday, observers said.

"The younger generation might not be thinking about retirement when they buy a house," said OrangeTee & Tie research head Christine Sun. "The changes will make them consider whether they might outlive their flat and have insufficient funds to retire on later."

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A version of this article appeared in the print edition of The Straits Times on May 10, 2019, with the headline 'Younger buyers likely to be more prudent: Observers'. Print Edition | Subscribe