Will Public Housing Stay Affordable in Singapore?

Authored by Raymond Tiah

Will HDB Flats Remain Affordable in Singapore?

With rising property prices, many Singaporeans are concerned about whether HDB flats will remain affordable in the future. While resale prices have increased, the government continues to take active steps to ensure public housing remains within reach.

HDB Prices vs. Income Growth

• Unlike private property, new BTO flats are priced based on income levels, not the market.

• Government subsidies help keep BTO flats affordable for first-time buyers.

• More than 80% of first-time buyers can afford their HDB flats using CPF alone, requiring little to no upfront cash.

🔹 Takeaway: Despite rising resale prices, new flats remain accessible due to subsidies and income-based pricing.

What’s Being Done to Keep Homes Affordable?

To maintain affordability, the government is implementing key measures:

• Increased BTO supply – More flats are being launched to meet demand.

• More land releases – New sites for both public and private housing to stabilise prices.

• Lower application rates – As supply grows, BTO flats are becoming more accessible.

🔹 Takeaway: A steady increase in supply helps balance demand and keeps homeownership within reach.

Resale Market & Housing Stability

• While resale prices remain high, cooling measures and increased supply are helping stabilise the market.

• Buyers’ Tip: If you’re considering a resale HDB, understanding CPF grants and affordability options can help secure a good deal.

Final Thoughts

Singapore’s public housing market remains one of the most accessible and well-regulated globally. While resale prices fluctuate, BTO flats continue to offer affordability, especially with ongoing government support.

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