Singapore's public housing market posted a stunning performance last year. There were more than 25,000 resale flat transactions, and this was the highest sales volume recorded in eight years. Prices of resale flats pushed new boundaries in many locations, and the overall price index rose by 5 per cent last year.
The improving market sentiment and rising HDB resale prices made it more favourable for some flat owners to ascend the property ladder. As a result, the number of Singaporeans owning private homes surged substantially.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you