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50,000 BTO, transaction slowdown and falling interest rates. What’s the story?

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We debate if current income ceilings make sense anymore and share some controversial thoughts on Singapore Budget 2025.

Joining us:

  • Professor Sumit Agarwal from NUS Business School, author of the popular Kiasunomics series. He brings 25 years of mortgage expertise to the table!
  • Kuanyu Tan, 99.co CEO sharing his fresh perspective as a first-time homebuyer navigating the system.
  • David Baey, CEO of Mortgage Master, an industry veteran who's been in mortgages for 15 years.

We'll be unpacking:

  • Why this year's budget had surprisingly little on housing
  • The impact of 20,000 new BTOs coming to market
  • Whether HDBs should really be viewed as lottery tickets
  • What's really driving property price increases across Singapore

It's a no-holds-barred discussion full of laughs, real talk and unique perspectives you won't hear anywhere else. Tune in now to get the inside scoop on Singapore's property market!

What We Discuss:

  • 03:14 - Given the budget’s limited focus on housing, are current policies sufficient to ensure affordability?
  • 08:09 - How will the budget impact first-time buyers, homeowners, and property investors?
  • 17:22 - How does the BTO system impact life decisions, and how should its profit mechanics be managed for affordability?
  • 24:56 - How are current property market trends and mortgage rates evolving, given global interest rate influences?
  • 30:26 - How do you see long-term interest rates evolving, and what impact will they have on homeowners and the housing market?

Episode Resources:

Read more about Singapore Budget:


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