Policy before and after · Policy relaxation

Event

Singapore removes the 15-month wait-out for private-property owners buying non-subsidised HDB resale flats without an HDB housing loan

Announced 28 July 2026 · Effective 28 July 2026

Read the full event record Compare with another policy Create research brief View Wait-out period policy evolution

Comparison window

Comparison anchored to effective date: 28 July 2026. Before: 29 January 2026 to 27 July 2026. After: 28 July 2026 to 23 January 2027. The same 180 days on each side; the anchor day counts as after.

Before · 29 Jan 2026 to 27 Jul 2026

11 land-sales awards

36 land-sales steps in all
1 other archive event
Singapore private residential transactions, all types of sale: 6,148 (Q2 2026)

The event

Announced 28 Jul 2026

Effective 28 Jul 2026

The effective date is the anchor.

After · 28 Jul 2026 to 23 Jan 2027

4 land-sales awards

10 land-sales steps in all
67 of 180 days observable so far; the last 113 are after 2 Oct 2026
Singapore private residential transactions, all types of sale: no whole period in the window yet

What this comparison can and cannot show

Generated from this window's records

Recorded

4 policy parameters recorded with a before and an after value on this event.
11 land-sales awards in the 180 days before the effective date, and 4 in the 67 observable days after.
None of the 4 tracked series has a whole period on both sides of a 180-day window, so no market figure is compared.

Cannot be concluded

That this event moved any figure on this page. The comparison is by date; nothing here is attributed to the event.
Anything about the last 113 of the 180 days after: they are after the date of this reading.
A reading of the concurrent land sales and events as responses to this one. They are listed by date alone.

About this eventIssuing authority, category, affected market, primary source, summary

Announced: 28 July 2026
Effective: 28 July 2026
Issuing authority: Ministry of National Development, Housing & Development Board
Category: Policy relaxation
Affected market: The scope is a conjunction, not a single condition. All four must hold: (a) the purchase is of an HDB RESALE flat, not a new flat; (b) the purchase is NON-SUBSIDISED, generally meaning without CPF housing grants that make it subsidised; (c) the flat's classification and applicable eligibility conditions permit it; (d) the buyer does NOT take an HDB housing loan. Eligible financing routes are cash, or a housing loan from a bank or other financial institution. The accurate compression is "Singapore removed the 15-month wait-out for private-property owners and former owners buying qualifying non-subsidised HDB resale flats without an HDB housing loan".
Primary source: Joint MND-HDB statement on removal of the 15-month wait-out period

The Government removed the temporary 15-month wait-out with immediate effect on 28 July 2026 for private residential property owners and former owners purchasing qualifying non-subsidised HDB resale flats without an HDB housing loan. The relaxation applied to eligible buyers of all ages and qualifying flats of any size, replacing the narrow exemption for citizens aged 55 and above right-sizing to a 4-room or smaller flat. It removed BOTH the requirement to sell first AND the subsequent waiting period, restoring the buy-first, dispose-later sequence for the qualifying route. The 30-month wait-out remained for specified subsidised purchases and for applicants seeking an HDB housing loan, and the six-month disposal requirement after completing the resale purchase was unchanged. The change partially reversed the September 2022 package without amending its three credit instruments. The Government cited HDB resale-price growth slowing from 10.4% in 2022 to 2.9% in 2025 and two consecutive quarterly index declines in the first half of 2026; those figures are independently verified against Prevo's loaded index, but they do not establish that the wait-out caused the moderation. Post-removal outcomes are too recent to assess and are pre-registered for review from Q4 2026.

In brief

WAIT_OUT, cash or fi loan, PPO AND EX PPO, non subsidised hdb resale: decreased from 15 months to 0 months.
11 GLS site awards were recorded in the before window and 4 in the after window.

What changed

Policy parameter	Before	After	Change
WAIT_OUT · cash or fi loan, PPO AND EX PPO, non subsidised hdb resale	15 months	0 months	Decreased
WAIT_OUT · hdb housing loan, PPO AND EX PPO, non subsidised hdb resale	30 months	30 months	Unchanged
WAIT_OUT · PPO AND EX PPO, subsidised or grant assisted or new flat or ec from developer	30 months	30 months	Unchanged
WAIT_OUT · post purchase disposal deadline, qualifying non subsidised hdb resale	6 months	6 months	Unchanged

Where these values come from

Source: Recorded on this event's policy matrix in Prevo's archive. The event's primary source: Joint MND-HDB statement on removal of the 15-month wait-out period.
Primary source published: 28 July 2026
Validity: In force from the event's effective date, 28 July 2026. The row records no date of its own; the date is the event's.
Basis: Archive record. The matrix row carries no source reference of its own; the event's sources are listed below.

Observed around this event

View linked outcomes

The same statistic over the 180 days before and after the anchor. Figures describe what was recorded in each window; they do not attribute a change to this event.

Singapore private residential transactions, all types of sale

units · Total over whole quarterly periods inside each 180-day window

Before

6,148

Q2 2026

Coverage 91/180 days

After

None

Coverage 0/180 days

Difference

Not stated

No whole quarterly period of this series falls inside the after window, so no comparison is stated. A longer window may contain one.

Provenance

Source: Urban Redevelopment Authority
Series kind: FLOW
Basis: Observation periods wholly inside each window, values as originally recorded.
Origin: Calculated (sum of published period values)
Shown because: Mapped to this kind of event

Private Residential Property Price Index, All Residential

index (2009Q1=100) · Value in the latest whole quarterly period inside each 180-day window

Before

219.4

Q2 2026

Coverage 91/180 days

After

None

Coverage 0/180 days

Difference

Not stated

No whole quarterly period of this series falls inside the after window, so no comparison is stated. A longer window may contain one.

Provenance

Source: Urban Redevelopment Authority
Series kind: INDEX
Basis: Observation periods wholly inside each window, values as originally recorded.
Origin: Source fact (latest whole period)
Shown because: Mapped to this kind of event

HDB Resale Price Index

index (2009Q1=100) · Value in the latest whole quarterly period inside each 180-day window

Before

202.8

Q2 2026

Coverage 91/180 days

After

None

Coverage 0/180 days

Difference

Not stated

No whole quarterly period of this series falls inside the after window, so no comparison is stated. A longer window may contain one.

Provenance

Source: Housing & Development Board
Series kind: INDEX
Basis: Observation periods wholly inside each window, values as originally recorded.
Origin: Source fact (latest whole period)
Shown because: Mapped to this kind of event

Singapore private residential transactions, Resale

units · Total over whole quarterly periods inside each 180-day window

Before

3,813

Q2 2026

Coverage 91/180 days

After

None

Coverage 0/180 days

Difference

Not stated

No whole quarterly period of this series falls inside the after window, so no comparison is stated. A longer window may contain one.

Provenance

Source: Urban Redevelopment Authority
Series kind: FLOW
Basis: Observation periods wholly inside each window, values as originally recorded.
Origin: Calculated (sum of published period values)
Shown because: Cited by this event's own outcomes

Concurrent planning and land activity

Land sales and other archive events dated inside the windows, listed by date only. Each land-sales line shows the site as the record stood on that day.

Before the effective date

37 lines

36 land-sales steps (11 awards) · 1 archive event

From the effective date

14 lines

10 land-sales steps (4 awards) · 4 archive events

Explore concurrent events

Before (37)

5 February 2026 · Land sales
Tanjong Rhu Road: Tender closed
Residential · status on 5 February 2026: Tender closed, award pending
10 February 2026 · Land sales
Tanjong Rhu Road: Awarded
Residential · status on 10 February 2026: Awarded · awarded to CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd. at S$709,252,000
25 February 2026 · Land sales
Holland Plain: Launched for tender, Confirmed List
Residential · status on 25 February 2026: Tender open
25 February 2026 · Land sales
Morrison Lane: Released on the Reserve List
Residential with commercial at 1st storey · status on 25 February 2026: On the Reserve List
26 February 2026 · Land sales
Lorong Bistari: Tender closed
Multi-Storey Next-Generation Driving Centre · status on 26 February 2026: Tender closed, award pending
3 March 2026 · Land sales
Lentor Central (15,926.2 sqm parcel): Tender closed
Residential · status on 3 March 2026: Tender closed, award pending
3 March 2026 · Land sales
Lorong Bistari: Awarded
Multi-Storey Next-Generation Driving Centre · status on 3 March 2026: Awarded · awarded to ComfortDelGro Driving Centre Pte. Ltd. at S$38,000,000
5 March 2026 · Land sales
Chitty Road and Veerasamy Road: Sale tender launched, outside the GLS lists
Residential: 18 conserved two-storey buildings of 1927, within the existing envelope under the Conservation Guidelines · status on 5 March 2026: Tender open
6 March 2026 · Land sales
Lentor Central (15,926.2 sqm parcel): Awarded
Residential · status on 6 March 2026: Awarded · awarded to GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. at S$657,100,000
16 March 2026 · Land sales
Town Hall Link: Released on the Reserve List
White site · status on 16 March 2026: On the Reserve List
26 March 2026 · Land sales
Dover Drive: Tender closed
Residential with commercial at 1st storey · status on 26 March 2026: Tender closed, award pending
30 March 2026 · Land sales
Bayshore Drive: Launched for tender, Confirmed List
Commercial and residential · status on 30 March 2026: Tender open
31 March 2026 · Land sales
Dover Drive: Awarded
Residential with commercial at 1st storey · status on 31 March 2026: Awarded · awarded to CNQC Realty (Prime) Pte. Ltd., Forsea Residence Pte. Ltd. and Jianan Realty Investments (1) Pte. Ltd. at S$951,000,999
7 April 2026 · Land sales
Kallang Close: Tender closed
Residential · status on 7 April 2026: Tender closed, award pending
9 April 2026 · Land sales
Peck Hay Road: Launched for tender, Confirmed List
Residential · status on 9 April 2026: Tender open
9 April 2026 · Land sales
River Valley Green (Parcel C): Launched for tender, Confirmed List
Residential · status on 9 April 2026: Tender open
10 April 2026 · Land sales
Kallang Close: Awarded
Residential · status on 10 April 2026: Awarded · awarded to Frasers Property Phoenix Pte. Ltd. and MJR Investment Pte. Ltd. at S$610,750,000
14 April 2026 · Land sales
Miltonia Close: Tender closed
Executive Condominium housing · status on 14 April 2026: Tender closed, award pending
21 April 2026 · Land sales
Miltonia Close: Awarded
Executive Condominium housing · status on 21 April 2026: Awarded · awarded to Hoi Hup Realty Pte Ltd at S$340,850,000
28 April 2026 · Land sales
Dunearn Road (19,041.6 sqm parcel): Tender closed
Residential with commercial at 1st storey · status on 28 April 2026: Tender closed, award pending
4 May 2026 · Land sales
Dunearn Road (19,041.6 sqm parcel): Awarded
Residential with commercial at 1st storey · status on 4 May 2026: Awarded · awarded to Winrich Investment Pte. Ltd. and Metrobilt Construction Pte Ltd at S$532,999,999
7 May 2026 · Land sales
Holland Plain: Tender closed
Residential · status on 7 May 2026: Tender closed, award pending
8 May 2026 · Archive event
Singapore doubles the MOP for future EC projects, removes deferred payment and delays full privatisation to year 15
Announced 8 May 2026
12 May 2026 · Land sales
Holland Plain: Awarded
Residential · status on 12 May 2026: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$454,000,000
15 May 2026 · Land sales
Berlayar Drive: Launched for tender, Confirmed List
Residential · status on 15 May 2026: Tender open
15 May 2026 · Land sales
New Upper Changi Road: Launched for tender, Confirmed List
Residential · status on 15 May 2026: Tender open
26 May 2026 · Land sales
Canberra Drive: Launched for tender, Confirmed List
Executive Condominium housing · status on 26 May 2026: Tender open
11 June 2026 · Land sales
Peck Hay Road: Tender closed
Residential · status on 11 June 2026: Tender closed, award pending
16 June 2026 · Land sales
Peck Hay Road: Awarded
Residential · status on 16 June 2026: Awarded · awarded to CDL Constellation Pte. Ltd. and Garden Estates (Pte.) Limited at S$542,400,000
18 June 2026 · Land sales
River Valley Green (Parcel C): Tender closed
Residential · status on 18 June 2026: Tender closed, award pending
23 June 2026 · Land sales
River Valley Green (Parcel C): Awarded
Residential · status on 23 June 2026: Awarded · awarded to SMCL Haven 3 Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. at S$750,569,199
25 June 2026 · Land sales
Lorong Puntong / Sin Ming Avenue: Launched for tender, Confirmed List
Residential · status on 25 June 2026: Tender open
25 June 2026 · Land sales
Kitchener Link: Released on the Reserve List
Residential · status on 25 June 2026: On the Reserve List
30 June 2026 · Land sales
Admiralty Walk: Launched for tender, Confirmed List
Executive Condominium housing · status on 30 June 2026: Tender open
3 July 2026 · Land sales
Town Hall Link: Launched for tender, moved from the Reserve List to the Confirmed List
White site · status on 3 July 2026: Tender open
15 July 2026 · Land sales
Bayshore Drive: Tender closed
Commercial and residential · status on 15 July 2026: Tender closed, award pending
20 July 2026 · Land sales
Bayshore Drive: Awarded
Commercial and residential · status on 20 July 2026: Awarded · awarded to Gemini Residential Pte. Ltd. and Gemini Trustee Pte. Ltd. (as trustee-manager of Gemini Mall Trust) at S$2,128,000,000

After (14)

28 July 2026 · Land sales
Chitty Road and Veerasamy Road: Tender closed
Residential: 18 conserved two-storey buildings of 1927, within the existing envelope under the Conservation Guidelines · status on 28 July 2026: Tender closed, award pending
28 July 2026 · Archive event
Singapore lengthens developer ABSD remission timelines for large and mega en bloc redevelopments
Announced 28 July 2026
4 August 2026 · Land sales
Berlayar Drive: Tender closed
Residential · status on 4 August 2026: Tender closed, award pending
7 August 2026 · Land sales
Chitty Road and Veerasamy Road: Awarded
Residential: 18 conserved two-storey buildings of 1927, within the existing envelope under the Conservation Guidelines · status on 7 August 2026: Awarded · awarded to YK Land Pte. Ltd. at S$35,288,000
7 August 2026 · Land sales
Berlayar Drive: Awarded
Residential · status on 7 August 2026: Awarded · awarded to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. at S$576,778,554
13 August 2026 · Land sales
Marina Gardens Lane (6,007.4 sqm parcel): Launched for tender, Confirmed List
Residential with commercial at 1st storey · status on 13 August 2026: Tender open
13 August 2026 · Land sales
Orchard Boulevard (3,438.0 sqm parcel): Launched for tender, Confirmed List
Residential · status on 13 August 2026: Tender open
23 August 2026 · Archive event
Singapore raises HDB and Executive Condominium income ceilings and adds a ballot chance for each child
Announced 23 August 2026
23 August 2026 · Planning
Singapore sets out a long-term outer islands land strategy at the National Day Rally
Announced 23 August 2026
31 August 2026 · Archive event
Singapore raises Land Betterment Charge rates for five of nine use groups from 1 September 2026
Announced 31 August 2026
1 September 2026 · Land sales
New Upper Changi Road: Tender closed
Residential · status on 1 September 2026: Tender closed, award pending
4 September 2026 · Land sales
New Upper Changi Road: Awarded
Residential · status on 4 September 2026: Awarded · awarded to United Venture Development (Daisy) Pte. Ltd. and CL Sapphire Pte. Ltd. at S$1,425,388,000
15 September 2026 · Land sales
Lorong Puntong / Sin Ming Avenue: Tender closed
Residential · status on 15 September 2026: Tender closed, award pending
18 September 2026 · Land sales
Lorong Puntong / Sin Ming Avenue: Awarded
Residential · status on 18 September 2026: Awarded · awarded to Eco World Development (S) Pte. Ltd. at S$208,099,000

Recorded relationships

This event partly reverses Singapore raises property-loan stress-test floors, cuts the HDB housing-loan LTV limit to 80%, and introduces a temporary 15-month HDB resale wait-out.

Methodology5 rules

Comparison anchored to effective date: 28 July 2026. The anchor is the effective date where one is recorded, otherwise the announcement date.
The windows are the same number of days on each side of the anchor, and the anchor day belongs to the after window.
A series counts toward a window only for observation periods wholly inside it, with values as originally recorded, not as later revised.
Where no whole period falls inside a window, no value and no difference is stated; a day no whole period covers is missing, never zero.
Concurrent land sales and archive events are listed by date alone. Nothing on this page is attributed to the event.

Sources

The event's sources (7)

Primary sources7

Joint MND-HDB statement on removal of the 15-month wait-out period
Ministry of National Development · Primary source · Published 28 July 2026
Original source link unavailable
Remarks by Minister for National Development Chee Hong Tat, 11th Singapore Economic Review Conference
Ministry of National Development · Primary source · Published 28 July 2026
Open original source
HDB Pulse: Removal of the 15-month Wait-out Period for Private Residential Property Owners Purchasing Non-Subsidised HDB Resale Flats
Housing & Development Board · Primary source · Published 27 July 2026
Open original source
HDB Resale Price Index and resale transaction statistics (series)
Housing & Development Board · Primary source · Publication date not recorded
Open original source
HDB Q2 2026 public housing data and flash estimates
Housing & Development Board · Primary source · Publication date not recorded
Open original source
HDB resale flat eligibility conditions and conditions after buying a resale flat
Housing & Development Board · Primary source · Publication date not recorded
Open original source
Eligibility to buy a flat: couples and families (HDB)
Housing & Development Board · Primary source · Publication date not recorded
Open original source

Event checked against its primary sources on 13 August 2026. Each claim keeps its own verification status.

Observed series come from the published statistics named on each card. Land-sales lines link to the site record and its releases.