Mass market condo sales expected to remain firm despite softening demand from HDB upgraders

WHILE the latest round of property cooling measures will impact HDB flat owners’ ability to upgrade to private housing, the effect on mass market homes may not be as great as some might think.

This is because while HDB upgraders make up a significant 39.9 per cent of buyers of all non-landed Outside Central Region (OCR) private homes – the mass market segment often cited as being most dependent on upgraders – those with a private address contribute to 45.2 per cent of transactions.

If landed OCR residential property transactions are included as well, then the gap between the two groups of buyers widens – with the proportion of buyers with HDB addresses and those with private addresses at 36.7 and 49.7 per cent respectively.