Study on Impact of Lease Decay on Resale HDB Flat Prices

Ms Hazel Poa asked whether the Ministry or HDB has studied the impact of lease decay on resale HDB flat prices since 2017.
Minister Desmond Lee confirmed that it is well-established that property prices generally decrease as leases run down, for both private and public housing.
He noted that other factors like location, size, storey height, economic conditions, market sentiments, demand and supply, and buyer willingness also drive HDB resale prices.
The Ministry will continue to monitor the housing market closely.
No specific study was mentioned as having been conducted, but the general impact of lease decay is acknowledged.

Ms Hazel Poa asked whether the Ministry or HDB has studied the impact of lease decay on resale HDB flat prices since 2017.
Minister Desmond Lee confirmed that it is well-established that property prices generally decrease as leases run down, for both private and public housing.
He noted that other factors like location, size, storey height, economic conditions, market sentiments, demand and supply, and buyer willingness also drive HDB resale prices.
The Ministry will continue to monitor the housing market closely.
No specific study was mentioned as having been conducted, but the general impact of lease decay is acknowledged.

Ms Hazel Poa asked whether the Ministry or HDB has studied the impact of lease decay on resale HDB flat prices since 2017.
Minister Desmond Lee confirmed that it is well-established that property prices generally decrease as leases run down, for both private and public housing.
He noted that other factors like location, size, storey height, economic conditions, market sentiments, demand and supply, and buyer willingness also drive HDB resale prices.
The Ministry will continue to monitor the housing market closely.
No specific study was mentioned as having been conducted, but the general impact of lease decay is acknowledged.

Ms Hazel Poa asked whether the Ministry or HDB has studied the impact of lease decay on resale HDB flat prices since 2017.
Minister Desmond Lee confirmed that it is well-established that property prices generally decrease as leases run down, for both private and public housing.
He noted that other factors like location, size, storey height, economic conditions, market sentiments, demand and supply, and buyer willingness also drive HDB resale prices.
The Ministry will continue to monitor the housing market closely.
No specific study was mentioned as having been conducted, but the general impact of lease decay is acknowledged.

Summary