Drop in appetite for private homes among some HDB owners

Fewer transactions in first half of the year amid property curbs, higher mortgage rates

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Housing Board upgraders' love affair with private property cooled in the first half of this year following the Dec 16 round of property curbs and amid higher mortgage rates.

Fewer HDB flat owners bought private property even as HDB resale flat prices gained 5.3 per cent in the first half compared with a 4.2 per cent rise in private home prices.

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A version of this article appeared in the print edition of The Straits Times on August 29, 2022, with the headline Drop in appetite for private homes among some HDB owners. Subscribe