Singaporeans Are Ditching Their Flats Earlier, With Good Reason

Source: https://www.99.co/blog/singapore/singaporeans-are-ditching-their-flats-earlier-with-good-reason/

More and more HDB flats are expected to reach Minimum Occupancy Period (MOP) this year.  Some 24,000 flats this year and 31,000 in 2022.  And recently, there has been a trend of Singaporeans diching their flats earlier to buy private property.  Sales of newer (10 years old or less) HDB flats hit a nine-year high in 2019.  For reasons such as higher income and aspirations, cashing out, using private housing as a retirement plan and from wealth inherited from previously property appreciation. With the number of home sales increasing, we can expect stronger demand in Midtown Bay.

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