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Buyers with HDB addresses acquiring taste for pricier condos

Condos in prime districts of 1, 2, 4, 9, 10 and 11 acquired by such buyers saw 56% year-on-year jump to 947 in 2017

Published Fri, May 4, 2018 · 09:50 PM

Singapore

HDB dwellers appear to be acquiring an appetite for pricier homes in recent years, with a caveats analysis by OrangeTee & Tie showing that the increase was led by luxury home purchases worth at least S$5 million.

It said the proportion of private condos bought by those with HDB addresses in the price range below S$1 million fell from 97 per cent in 2003 to 37 per cent in Q1 2018.

But the proportion of those who bought non-landed homes in the S$1 million to S$1.5 million range soared from 3 per cent in 2003 to 41 per cent in Q1 2018, while the proport…