HDB upgraders are fuelling mass-market condominium sales
Owners who sold their existing flats benefitted from the price appreciation and cash-over-valuation amounts
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Singapore
PRIVATE non-landed homes in the outside central region (OCR) continued to be popular with owner-occupiers upgrading from Housing and Development Board (HDB) flats.
Robust deal volumes and prices of HDB resale flats islandwide helped spur condominium sales in the suburban areas, said Lee Nai Jia, deputy director of the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
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