Property
How Does the Ethnic Quota Affects HDB Home Sellers and Buyers
By Planner Bee  •  May 24, 2024
Homeowners who wish to sell their HDB flats quickly, or are experiencing trouble finding willing buyers in the market, are often advised to lower their asking price relative to past transactions of similar properties within their neighbourhood. But even that might not be enough for minority home sellers, who often face greater difficulty navigating the HDB’s Ethnic Integration Policy (EIP). Simply put, the EIP is a cap on the number of households within the same ethnic group that can occupy an HDB block or neighbourhood. While EIP caps apply to home sellers of the majority race as well, the fact of the matter is that selling a home will always be a numbers game. On top of having both buyers’ and sellers’ expectations aligned, minority home sellers have to choose from a much smaller pool of eligible sellers to ensure that their block can still hit the EIP quota after their sale is completed....
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By Planner Bee
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