The 15-Month Policy Was Protecting First-Time Buyers. What Happens to You Now?
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THE TAKE: Young first-time buyers are the clear losers of this change.
ALT TITLE: 15-Month Policy Removed: First-Time Buyers Just Lost Their Protection
RUNTIME: ~60 seconds

--- TALKING SCRIPT ---

Let me say the unpopular thing about the 15-month policy removal. Somebody lost here, and it's young first-time buyers.

Here's the number that proves it. Between January and September 2022, before the rule came in, private property owners were about thirty-four percent of buyers of million-dollar HDB flats. Roughly one in three. By late 2024, under the rule, that fell to twelve percent.

The 15-month policy did exactly what it was designed to do — it kept cash-rich downgraders out of the queue.

That protection is now gone. Those buyers are coming back, and they arrive with condo sale proceeds and no loan pressure. If you're a young couple bidding with a bank loan and CPF, you're not bidding on equal terms.

I'm not going to dress this up as good news for you. It isn't.

What I will tell you is where they won't be hunting.

--- DM MAGNET ---

DM me "15FIRST" with your target estate and flat type. I'll tell you honestly whether downgraders will compete with you there — and where the quieter options are.

--- FACTS USED ---

- PPO share of million-dollar HDB buyers: ~34% (Jan-Sep 2022) to ~12% (Jan-Nov 2024)
- 3-room prices -1.1% YoY, non-mature estates -0.5% YoY as at June 2026

Data as at 31 July 2026. Verify against HDB/MND before posting.

--- DISCLAIMER ---

These figures were compiled from publicly available online sources, news
reports and community discussion. They may be incomplete, out of date, or
simply wrong. Nothing here is financial, legal or property advice.

Verify every number against the primary source (HDB, MND, URA, IRAS)
before you publish it or advise a client. You are responsible for what
you post under your own name.

Source: https://postai.sg/pseo/15-month-policy/first-time-buyers.html