Ever since the July 2018 cooling measures (remember the one with the overnight queues at show flats), the Government has clearly learned well from that experience.
The recent cooling measure announcements have been done in a swift ninja stroke of midnight style – which gives you no time to react. While that may be a good thing to prevent people from making rash decisions, on the flipside it does also leave some people caught in the lurch.
To be sure, many of us were expecting some sort of cooling measures to come given how the property market has been. But there was one bit in particular that has caught many by surprise – the 15 month wait-out period for private home owners before they can buy a resale HDB flat.
On the surface, it does seem to make sense. Many of those who’ve gotten a windfall from their en bloc sale, or just from selling their private property due to the...