Singapore has removed a 15-month waiting period for private property owners looking to purchase resale public housing flats. This move, announced by National Development Minister Chee Hong Tat, aims to address market sluggishness and reduce inconvenience for residents with genuine housing needs. The waiting period was initially implemented in 2021-2022 as part of cooling measures following a significant surge in resale flat prices. AI
RANK_REASON Significant policy change by a national government impacting housing market regulations. [lever_c_demoted from significant: ic=1 ai=0.0]
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