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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Is this the best time to buy property? Is it the best time to rent?
Description: Housing was one of the central themes of Prime Minister Lee Hsien Loong’s National Day Rally speech. In fact, under a new framework designed to ensure affordability and cap resale prices of public housing, buyers of new HDB flats in sought-after locations will be subject to stricter resale conditions from next year. Will these measures have a big impact on the property market? And When can we see the effects coming in? Separately, it looks like million-dollar flat transactions hit a new high in August 2023. What’s driving these transaction volumes? Is this th...