Singapore Makes It Easier for Old People to Buy Old Homes
- Rules on use of pension savings should boost housing demand
- HDB unit resale prices declined for a third quarter in March
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Singapore’s aging public housing has been a source of anxiety, for home owners and the government alike. It’s become particularly acute in the lead up to national elections considering more than 40% of the population’s wealth is tied up in real estate.
There may be some relief, however, with the government announcing new rules for those willing to buy older properties. According to analysts, the changes should halt falling resale values and support dwindling buyer demand.