Housing Development Board

The Housing Development Board (HDB) is Singapore's statutory board responsible for public housing. Established in 1960, it has overseen the development of over a million public housing flats, providing affordable and quality homes for the majority of Singaporeans. HDB is currently newsworthy due to recent policy adjustments aimed at stabilizing the housing market. Specifically, the government has scrapped the 15-month waiting period for private property owners purchasing resale HDB flats, a move intended to alleviate inconvenience for homeowners. This change, announced by National Development Minister Chee Hong Tat, signals a commitment to housing market stability while other regulations remain. The HDB's ongoing role in shaping Singapore's urban landscape and ensuring housing accessibility remains a cornerstone of national policy and resident well-being.