Chee Hong Tat on keeping public housing affordable
The government expects the HDB resale market to continue to moderate due to a robust supply of new Build-to-Order flats and a larger number of flats finishing their Minimum Occupation Period and entering the resale market from this year, and further increasing in 2027 and 2028. National Development Minister Chee Hong Tat highlighted this in reply to a parliamentary question on Tuesday (Apr 7). He noted that in 2025, about six per cent of resale HDB flats transacted above S$1 million but pointed out the resale market continues to provide a wide range of flats for different budgets and needs.
The government expects the HDB resale market to continue to moderate due to a robust supply of new Build-to-Order flats and a larger number of flats finishing their Minimum Occupation Period and entering the resale market from this year, and further increasing in 2027 and 2028. National Development Minister Chee Hong Tat highlighted this in reply to a parliamentary question on Tuesday (Apr 7). He noted that in 2025, about six per cent of resale HDB flats transacted above S$1 million but pointed out the resale market continues to provide a wide range of flats for different budgets and needs.
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