Singapore’s Public Housing Market - What HDB Buyers & Sellers Need To Know Now

A recent Straits Times letter titled “Singapore’s public housing market needs a reality check” (May 7, 2025) has sparked important conversations about the state of our HDB resale market. As a property agent specialising in resale HDBs, I believe it’s crucial to reflect on how current market dynamics are affecting both buyers and sellers — and how we can navigate these changes with clarity and responsibility.

Elgenia Wong Tien Min, The Straits Times, 2025

HDB Sellers: Capital Gains or Cautious Optimism?

Many homeowners reaching their Minimum Occupation Period (MOP) are receiving offers and agent flyers suggesting capital gains of $100,000–$200,000 or more. It’s tempting — but it’s important to stay grounded.

Here’s what sellers should keep in mind:

• Be realistic about your flat’s value. Not every unit fetches top dollar. Price increases are not guaranteed, especially in a shifting market.

• Plan your next move. Selling high is great, but what comes after? Are you buying another HDB, upgrading to private, or downsizing?

• Work with trusted advisors. Not all marketing is in your best interest. Your agent should give you a full picture — not just the potential profit.

HDB Buyers: Think Long-Term, Not Just FOMO

On the flip side, buyers are facing rising prices, aggressive marketing, and pressure to enter the market quickly. But prudent decisions matter now more than ever.

What buyers should consider:

• Avoid emotional purchases. Fear of missing out can lead to overcommitting financially or choosing the wrong unit.

• Understand your affordability. Housing costs taking up over 60% of household income, as the article mentions, is not sustainable.

• Look past the hype. A home is not just a status symbol or investment — it should support your lifestyle, needs, and financial goals.

The article warns that property hype and agent-driven marketing may distort perceptions of public housing. There’s a fine line between wealth-building and speculative overreach. A soft landing is possible — but only if buyers, sellers, and agents act with responsibility and clarity.

We must return to the fundamentals:

• Public housing is for homes first, not speculation.

• Transparency and education should empower homeowners.

• Agents must prioritise long-term value over short-term wins.

My Final Thoughts

As a real estate professional, I believe we serve not just clients — but the broader public interest. Whether you’re buying your first HDB or selling after MOP, my role is to guide you with honest insights and sound strategies tailored to your goals. Let’s keep expectations grounded and decisions well-informed.

Need advice on your HDB journey?

Let’s have a chat. Reach out to me at +65 89233512.