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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