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However, it's crucial to understand that resale prices are heavily dependent on the specific seller's asking price, the buyer's willingness to pay, and the location of the flat. The market operates on a voluntary basis, with prices set through negotiations between willing buyers and sellers. As a result, resale prices are often less controllable by the Housing & Development Board (HDB) or the government.
The Role of the HDB and Market Price Influences
While the HDB has limited control over resale prices, it recognizes that these prices influence the market value of BTO (Build-To-Order) flats. On their website, they acknowledge that resale prices impact the assessed value of newer flats, which in turn can affect the next set of BTO launches.