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Resale of older HDB flats continues upswing in face of policy tweaks: OrangeTee

Analysts point to narrowing price gap between buyers and sellers and the rising supply of resale flats older than 40 years

Published Tue, May 7, 2019 · 09:50 PM

HDB

Singapore

DESPITE lingering concerns about their depreciating value and the adverse impact of the latest cooling measures, older HDB flats in Singapore are still in demand, says the latest quarterly report on HDB trends published by OrangeTee & Tie.

For the first quarter this year, 628 older flats - those more than 40 years old - were sold. They made up 13.9 per cent of total resale transactions - the highest percentage of older flats sold on record, the property consultancy noted.