National Day Rally 2023 | Drastic Changes and It's Unlikely Impact on Singapore's Housing Market

Video description from @therightmovesg

Here are my thoughts on the announcements made during the national day rally about changes to HDB BTO flats!

The Singapore housing market has always been a hot topic, and this year's National Day Rally had some major announcements about changes to the HDB BTO flats. In this video, I break down everything you need to know about these changes and how they will impact you.

Firstly, let's talk about the new rules surrounding the Plus and Prime location housing flats. The government has implemented a 10-year Minimum Occupation Period (MOP) and income cap of $14,000 for buyers, which will likely cap the exit price and reduce the potential for capital appreciation. If you're looking to make a profit, it's best to stick to the standard flats with a 5-year MOP.

But what does this mean for existing HDB owners and future buyers? If you own a property that could be classified as Plus or Prime in the future, you're sitting on a good potential investment opportunity. And as a future buyer, you may want to consider buying a freshly MOP Prime location unit that is not limited by the new rules.

In this video, I also cover the impact of the new rules on the demand and supply side of the housing market, as well as the reasons why the government implemented these changes. And of course, I share my personal thoughts and predictions on how the market will react to these changes.

So if you're interested in the Singapore housing market, you won't want to miss this video. And don't forget to like, subscribe, and hit the notification button to stay up-to-date on all the latest housing news. Plus, leave a comment below with your thoughts and opinions on the new rules.

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