Condo owners shelving plans to downgrade, others who sold homes are stuck, say agents after cooling measures

Condo owners shelving plans to downgrade, others who sold homes are stuck, say agents after cooling measures

Channel NewsAsia - Commentary·2022-09-30 19:01

SINGAPORE: Some condominium owners are postponing plans to cash in on their home and downgrade to an HDB flat, while those who have sold their property are now in a difficult spot, property agents told CNA on Friday (Sep 30).

These private property owners will have to enter a red-hot rental market to lease a place for more than a year before buying an HDB flat, or consider moving to a smaller but cheaper condo unit, the agents said.

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