Singaporean Gen Zs smell opportunity as HDB prices slip – ‘Housing shouldn’t be investment’

SINGAPORE: A dip in the resale prices of Housing and Development Board (HDB) flats has sparked debates on X where a user asked Gen-Zs to rejoice as their dream of owning a property may come true soon.

HDB flash data released this month shows that HDB resale flat prices have started to dip in comparison to the previous quarter, with resale prices falling by 0.1% in Q1 2026, marking the first decline in nearly seven years.

This slight dip follows five consecutive quarters of slower growth, signalling a cooling market due to increased supply.

However, some claim that there is a resale crash and that the younger generation will now be able to afford a slice of their own Singaporean dream.

BowTiedCrake@bowtiedcrake, in a post on X, says: “HDB resale flats dropping. Merdeka Gen-Z.”

He blames the millennials for trying to dump at the top, adding that the market should crash further.

“Crash some more. Housing should not be for investment.”

His past attracted some interesting comments, with some showing scepticism about the joy, while others backed the claims that Gen Zs will soon be able to afford to buy properties.

The Gen-Z group, which is known to be vocal, have voiced out that property prices are out of reach for them in comparison to those from previous generations.

Singapore’s property market ranks among the most expensive worldwide. Today, it is no longer surprising to hear that an HDB flat in a prime location can easily cost upwards of S$1 million, reflecting the city-state’s soaring real estate market.

At this point, landed houses, for example, are seen to be out of the question for those who are 29 years old and below.

Still on X, users are bluntly accusing older generations of “messing up” the system, arguing that decades of policy and investment-driven mindsets have distorted the housing market.

Many insist that homes should be treated as a basic necessity, not an investment vehicle, and that speculative buying has worsened inequality.

A user had a unique idea: “HDB should only be bought from HDB and sold back to HDB,” says Dazzy@0xDazzy.

But user SayGoHoneydew@M1686193515388 believes HDB prices will never face a drop.

“It will never happen as long as Singapore as a whole is doing well. The supply of HDB is 100% controlled by the gov and they will never let HDB prices decline long-term. If house prices drop, they will have to launch less.” /TISG