Rising HDB Property Prices in Singapore has many implications for buyers. Not only does the economy impact the real estate sector, but also directly the local economy. So what are the implications of a rising HDB property price?
The impact is both on the local economy and on the housing market. While a rise in property prices will increase the income of those who can buy, it will also drive out the middle class, thereby reducing the demand for homes. The reduction in the supply of properties on the other hand will decrease the price of a home, resulting in lower prices for existing homes. This, in turn, will benefit those who can afford to buy, but not everyone. This has an indirect but significant impact on the rest of the economy.
Rising HDB Property Prices means that there are many people who can now afford to buy a home …