With the Singapore government's introduction of the new public housing scheme "HDB+," attention to the condominium purchasing market has increased.

While this new scheme will offer more choices and convenience, it will also impact the resale market. This article will explore the effects of HDB+ on the resale market and analyze how potential buyers should make decisions.

The HDB+ classification may enhance the value of resale condominiums situated in potential locations. These condominiums are typically close to transportation nodes, commercial centers, or other facilities and feature more design characteristics and amenities.

Ahead of the implementation of this classification, some resale condo sellers are taking the opportunity to raise prices by thousands of dollars, anticipating that these condos will become more valuable after the classification takes effect.

We have also observed that the prices of these resale HDB condos in these locations have been on the rise over the past one to two years, indicating a high demand for resale HDB condos near convenient facilities such as transportation nodes.

However, not all resale condos will benefit from the HDB+ classification. If the government releases a significant supply in these areas, the resale market may be adversely affected.

Due to an oversupply of public housing, prices may either slow down or stabilize, or even decline in some areas. In such a scenario, sellers of resale condos may need to reconsider their pricing strategies to attract potential buyers.

The HDB+ classification may also stimulate some potential buyers' interest in the resale market. Some buyers may choose to purchase resale condominiums in potential HDB+ locations for more flexibility and freedom, as they do not want to wait for the construction time of new BTO flats or be subject to restrictions such as a minimum occupancy period of 10 years. This also implies that, to some extent, the HDB+ classification may bring more potential buyers to the resale market.

For potential buyers, how should they make decisions? Firstly, they need to assess their needs and budget carefully to determine whether they need a short-term residence or a long-term investment.

If they require a long-term residence, they can consider purchasing an HDB+ condo to enjoy better geographical locations and connectivity. However, if they need a long-term investment, they can decide to purchase resale condos based on market conditions.

Additionally, the impact of the HDB+ classification on the resale market also needs to be considered. If the government releases a significant supply in these areas and improves the quality and facilities of public housing, the resale market may be adversely affected.

Conversely, if there is an insufficient supply of public housing, the resale market may benefit. Potential buyers need to consider all these factors comprehensively to make a wise purchasing decision.