{"id":45202,"date":"2017-02-23T11:30:56","date_gmt":"2017-02-23T04:30:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/flat-buyers-concerned-sellers-may-jack-up-prices\/"},"modified":"2017-02-23T11:35:09","modified_gmt":"2017-02-23T04:35:09","slug":"flat-buyers-concerned-sellers-may-jack-up-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flat-buyers-concerned-sellers-may-jack-up-prices\/","title":{"rendered":"Flat buyers concerned sellers may jack up prices"},"content":{"rendered":"


\nView of HDB flats in Bukit Panjang. (Photo: Erwin Soo, Wikimedia Commons)
\nSome prospective home buyers are concerned that raising the CPF housing grants may cause flat sellers to jack up prices, reported The New Paper.
\nWith effect from Monday (20 February), CPF housing grants were raised by $5,000 to $10,000 for first-timer singles, and by $10,000 to $20,000 for first-timer families, announced Finance Minister Heng Swee Keat in his budget speech.
\nM. L. Yong and her fianc\u00e9 have been looking for a HDB flat near his parent\u2019s home in central Singapore for the last two years. She said: \u201cThe grants are very welcome and make resale flats near his parents more affordable now.\u201d
\nWith a combined monthly income of $10,000, the couple plan to tie the knot later in the year.
\n\u201cBut what is to stop sellers from charging us more?\u201d asked Yong.
\nWhile it could be possible that some sellers will to try to pocket the gains, industry experts believe prospective buyers like Yong need not worry at all.
\n\u201cSome sellers will certainly try and perhaps raise prices by half the grant amount,\u201d said Nicholas Mak, Research Head at SLP International Property Consultants. \u201cBut it is very unlikely for most sellers to do that.\u201d
\nThis is because the resale market had always been a buyers\u2019 one, he said.
\n\u201cRaise the prices? There\u2019s a simple solution for the buyers. They simply go to the next flat,\u201d he added.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Flat buyers concerned sellers may jack up prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of HDB flats in Bukit Panjang. (Photo: Erwin Soo, Wikimedia Commons) Some prospective home...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-45202","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bL4","jetpack-related-posts":[{"id":44908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-demand-expected-for-hdb-resale-flats-experts\/","url_meta":{"origin":45202,"position":0},"title":"Higher demand expected for HDB resale flats: experts","date":"February 21, 2017","format":false,"excerpt":"\r Despite expectations of higher demand in the HDB resale market, prices are not likely to shoot up, say analysts.\u00a0 \u00a0 HDB resale flats have become more appealing for first-time buyers in light of the higher CPF housing grants announced as part of yesterday\u2019s budget, said Eugene Lim Key Executive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71759,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8230-flats-in-november\/","url_meta":{"origin":45202,"position":1},"title":"HDB launches 8,230 flats in November","date":"November 14, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenCourt BTO project. Source: HDB A total of 8,230 flats were launched for sale on Tuesday (14 November) by the Housing and Development Board (HDB) in its latest sales exercise. This comprises 4,829 Build-To-Order (BTO) units and 3,401 balance flats across 25 estates. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":45202,"position":2},"title":"HDB launches 6,753 flats in May","date":"May 23, 2019","format":false,"excerpt":"\r They comprise of 3,485 BTO and 3,268 SBF units.\u00a0 The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. The BTO flats are spread across four projects, three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/some-sellers-look-to-profit-from-enhanced-housing-grant\/","url_meta":{"origin":45202,"position":3},"title":"Some sellers look to profit from enhanced housing grant","date":"September 12, 2019","format":false,"excerpt":"\r Several property agents, however, believe that such opportunistic moves will not work. With the introduction of higher income ceiling and higher grants expected to boost the HDB resale market, some sellers wasted no time to raise their asking price in the hopes of gaining more profits. In fact, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-flats-offered-in-hdbs-august-sales-exercise\/","url_meta":{"origin":45202,"position":4},"title":"Over 5,000 flats offered in HDB\u2019s August sales exercise","date":"August 29, 2018","format":false,"excerpt":"\r The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise. \u00a0The 4,375 BTO units on offer are spread across four projects in Punggol and Yishun, said the HDB in a release on Tuesday (28\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-enjoy-higher-income-ceilings-and-enhanced-housing-grant\/","url_meta":{"origin":45202,"position":5},"title":"Home buyers to enjoy higher income ceilings and enhanced housing grant","date":"September 11, 2019","format":false,"excerpt":"\r The income ceiling for executive condo buyers has is now raised\u00a0from $14,000 to $16,000, while Singles aged 35 and above will also enjoy a higher income cap of $7,000, up from $6,000. In a bid to provide more home buyers with affordable housing options, the government raised the income\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45202"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=45202"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45202\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=45202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=45202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=45202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}