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Fewer HDB upgraders buying private homes suggests more are priced out
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Buyers may stay on the sidelines as they evaluate the options and wait for prices to moderate further.
PHOTO: CDL
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SINGAPORE - Fewer Housing Board flat upgraders made the leap into private housing for a second straight year as resale flat price growth and the volume of HDB resale transactions tapered, while private home prices and mortgage rates remain high.
This could have implications for the overall market, in particular the suburban market – which is popular with HDB upgraders – as more than 4,400 new condos are expected to be launched in the suburbs in 2024, according to OrangeTee & Tie.
