Additional Cooling Measures in Private Condominium Market and Prioritising HDB Flats for Owner Occupation over Private Property

38 Mr Yip Hon Weng asked the Minister for National Development (a) whether the Ministry will consider implementing additional cooling measures for the private condominium market, such as raising the Additional Buyer's Stamp Duty or having stricter loan-to-value limits, to moderate demand and potentially relieve upward pressure on HDB flat prices; and (b) whether the Ministry will further curb investment demand and prioritise HDB flats for owner occupation by restricting HDB flat owners from owning private properties.

Mr Desmond Lee: This question has been addressed in the reply to Parliamentary Questions on the residential property market and housing affordability, which was issued on 9 September 2024. [Please refer to "Impact of Housing Grant Increase on HDB Resale Flat Prices, and Trend for Resale Flat Prices By Flat Type", Official Report, 9 September 2024, Vol 95, Issue 140, Written Answers to Questions for Oral Answer not Answered by End of Question Time section.]