# 15-Month Policy U-Turn: Is the Government Propping Up HDB Prices?

> **The take:** Both readings are defensible — here is the evidence for each.
> **Angle source:** Community: "the gov feels resale prices are not appreciating fast enough" (120 upvotes).
> **A/B alt title (declarative):** 15-Month Policy U-Turn: Two Readings of the Timing, and the Evidence for Each
> **Runtime:** ~60 seconds · **Keyword:** 15-Month Policy

---

## TALKING SCRIPT

The most common comment online this week about the 15-month policy removal is that the government is propping up prices. Let me give you both sides properly, because you deserve the evidence, not my politics.

The suspicious reading: HDB prices fell zero-point-one percent in Q1 and zero-point-three in Q2 — first declines in nearly seven years. The Q2 data published on the twenty-fourth of July. The 15-month policy was removed on the twenty-eighth. Four days.

The official reading: growth had already moderated from ten-point-four percent in 2022 to two-point-nine in 2025. Supply is improving — forty-eight thousand flats reaching MOP. Around eighteen hundred appeals a year showed real hardship. And the minister said publicly in June 2025 he leaned toward scrapping it.

Both readings fit the facts. Pick your own.

What matters for your decision isn't the motive. It's your flat and your finances.

---

## DM MAGNET

DM me **"15WHY"** if you want my honest read on where this cycle goes next. I'm happy to disagree with you.

---

## FACTS USED

- Q2 2026 HDB data released 24 Jul 2026; policy removed 28 Jul 2026
- Chee Hong Tat stated in June 2025 he leaned toward removing the measure entirely

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