AI-synthesised
15-Month Wait-Out Period Scrapped; Little India GLS Bid Sparks Attention
Published 30 July 2026 · Covers news from 29 Jul to 30 Jul
The government has removed the 15-month wait-out period that barred private property owners from buying HDB resale flats, a significant policy reversal reported across multiple outlets. Separately, a conservation GLS site in Little India drew seven bids, with the top offer nearly 50% above the next highest.
- Transport Minister Chee Hong Tat announced the removal of the 15-month wait-out period for private homeowners seeking to purchase HDB resale flats, a measure that had been introduced as a cooling tool; multiple outlets including CNA, The Straits Times, EdgeProp, and Mothership confirmed the change [10] [11] [13] [14]. Stacked Homes notes the open question of whether this will push resale HDB prices higher [9].
- A PropNex survey of 110 million-dollar HDB resale transactions in 2025 profiles the typical buyer as a PMET professional in their 30s or 40s, or a retiree downsizing from private property — with a surprising finding that many paid no cash-over-valuation [3].
- Soon Hock Group's YK Land submitted the top bid of $35.3 million ($962 psf) for a conservation site comprising 18 Art Deco terrace houses at Chitty Road and Veerasamy Road in Little India — a figure nearly 50% above the next highest of seven bids [4].
- A Stacked Homes analysis finds that older 99-year leasehold condos (two- and three-bedroom units) tend to show higher rental yields, driven by prices declining faster than rents rather than age per se; freehold condos show no comparable pattern across their lifespan [7].
- A Waterbay EC purchased for $835,000 is now valued at approximately $1.6 million; its owner is weighing whether to sell and reinvest in a new launch, raising questions about price growth trajectory, rental yield, and unit size trade-offs [1].
Sources
- [1]
- [3]
- [4]This Small Little India GLS Site Attracted 7 Bids — But The Top Bid Was Nearly 50% Higher Than The Next
Stacked Homes · 29/07/2026
- [7]Older Leasehold Condos Are Producing Higher Rental Yields — But Age Isn’t The Real Reason
Stacked Homes · 28/07/2026
- [9]
Note: This insight was AI-synthesised from the sources above. SifuProperty does not predict prices or recommend buy/sell timing. For decisions on a specific property, talk to a CEA-registered agent. Nothing here is financial or investment advice.