HDB upgraders are fuelling mass-market condominium sales
Owners who sold their existing flats benefitted from the price appreciation and cash-over-valuation amounts
Add BT as a preferred source
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
