How Many People Did the 15-Month Policy Actually Hold Back? Fewer Than You Think.
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THE TAKE: The market impact is smaller than the noise suggests.
ALT TITLE: The 15-Month Policy Only Really Affected About 1,800 People a Year
RUNTIME: ~60 seconds

--- TALKING SCRIPT ---

Here's a number that should calm everyone down about the 15-month policy removal.

Between the policy starting and March last year, HDB processed about five thousand five hundred appeals to waive the wait-out. About one in four approved. That's roughly eighteen hundred appeals a year.

Eighteen hundred. In a market that transacts over two thousand flats every single month.

Now, appeals aren't the whole affected group — plenty of people just gave up and never appealed. But it's a useful signal of scale. This was never a policy holding back a tidal wave. It was holding back a stream.

So when someone tells you a flood of downgraders is about to hit and you must buy this week — ask them how big the flood actually is.

The people who genuinely wanted to move will move. Over quarters, not overnight. That's a very different market event.

--- DM MAGNET ---

DM me "15SCALE" and I'll show you the actual transaction volumes in your estate so you can judge the size of this for yourself.

--- FACTS USED ---

- ~5,500 appeals processed as at 31 Mar 2025, ~1 in 4 approved (~1,800 per year)
- June 2026 monthly resale volume ~2,135 flats

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 They may be incomplete, out of date, or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/how-many-affected.html