Under the revised rules, private homeowners who have sold their properties can now purchase any non-subsidised resale HDB flat, regardless of size, without having to wait 15 months. She expects both transaction volumes and prices for five-room HDB flats to increase as more buyers enter this segment of the market. They argue that removing the waiting period will encourage more private homeowners to sell their existing properties, increasing the supply of resale private homes while simultaneously supporting demand for resale HDB flats. According to these experts, resale HDB prices have already eased by around 4 per cent over the past three quarters. They also noted that demand from first-time buyers has already moderated alongside slower price growth in the resale HDB market.