Desmond Lee

Cooling measures were introduced to moderate demand in the property market and encourage prudent borrowing in September 2022. Read more at straitstimes.com.

Private home owners who wish to buy HDB resale flats are now subjected to a 15-month wait after selling their homes. “While we have tightened maximum loan quantum limits, housing loans remain the largest component of household debt in general. [cooling measures were introduced](https://www.straitstimes.com/business/property/stricter-borrowing-criteria-for-property-buyers-15-month-wait-for-private-property-owners-moving-to-hdb-flats) to moderate demand in the property market and encourage prudent borrowing.