Study on Impact of Lease Decay on Resale HDB Flat Prices

Ms Hazel Poa asked the Minister for National Development whether the Ministry or HDB has conducted any study on the impact of lease decay on resale HDB flat prices since 2017.

Mr Desmond Lee: It is well-established that as property leases run down, the prices will generally come down. This applies to both private properties and public housing. However, property prices, including HDB resale flat prices are also driven by other factors, such as the property's attributes like location, size, storey height and so forth; prevailing economic conditions; market sentiments; demand and supply; and buyers' willingness to pay.

We will continue to keep a close watch on the housing market.