Why demand for older HDB flats is still very high
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In terms of market share, older flats now account for the largest proportion of total sales.
ST PHOTO: BRIAN TEO
Christine Sun
Concerns surrounding ageing Housing Board flats are no longer deal-breakers as more buyers are shifting their perceptions in recent years. With fewer large-sized homes being built and cost constraints persisting, many people are prioritising affordability and space requirements when purchasing a home.
For instance, a spacious 104 sq m four-room resale flat in Yishun Street 22 was sold for just $265,000 in July, while a centrally located 64 sq m three-room resale flat in Toa Payoh was transacted at $288,000 a month earlier.
