Committee of Supply 2025 debate, Day 3: Xie Yao Quan on separate buyer’s stamp duty framework for HDB flats
Singapore’s public housing market has always been regulated separately and designed to achieve key social goals. So, a separate buyer’s stamp duty framework could be established for HDB flats, decoupled from the dynamics of the private property market. This will give the government more options on the demand side to cool the HDB resale market quickly when needed. Supply-side measures take time to have an effect, which is unfair to cohorts of home buyers who are caught in a prolonged upturn. MP Xie Yao Quan made these points in parliament on Tuesday (Mar 4). He also asked what more is being done to improve public rental housing to support the evolving needs of vulnerable groups.
Singapore’s public housing market has always been regulated separately and designed to achieve key social goals. So, a separate buyer’s stamp duty framework could be established for HDB flats, decoupled from the dynamics of the private property market. This will give the government more options on the demand side to cool the HDB resale market quickly when needed. Supply-side measures take time to have an effect, which is unfair to cohorts of home buyers who are caught in a prolonged upturn. MP Xie Yao Quan made these points in parliament on Tuesday (Mar 4). He also asked what more is being done to improve public rental housing to support the evolving needs of vulnerable groups.
Popular Shows
