With HDB buyers now likely to cut their budgets, David Neubronner, national director for residential property at Jones Lang LaSalle Property Consultants, expects the hardest hit by the new measures will be sellers of the largest HDB flats. “Those are the most likely to buy the mass-market private condominiums. The effect will run through the private market,” he said. But will permanent residents denied the HDB market seek out private housing? It’s unlikely, Neubronner said, noting that private mass-market flats are likely too expensive.(Read more: Is the heat off Asia’s hottest property market?)...
