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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