Written answer by Ministry of National Development on whether there is any study on the impact of lease decay on resale HDB flat prices since 2017

Feb 26, 2024

Question No: 5498

Question by: Ms Hazel Poa

To ask the Minister for National Development whether the Ministry or HDB has conducted any study on the impact of lease decay on resale HDB flat prices since 2017.

Answer:

          It is well-established that as property leases run down, the prices will generally come down. This applies to both private properties and public housing. However, property prices, including HDB resale flat prices are also driven by other factors, such as the property’s attributes (e.g. location, size, storey height, etc.), prevailing economic conditions, market sentiments, demand and supply, and buyers’ willingness to pay. 

2.       We will continue to keep a close watch on the housing market.