Drop in appetite for private homes among some HDB owners

For HDB upgraders with tighter budgets, the private resale market may offer more affordable options. ST PHOTO: LIM YAOHUI
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SINGAPORE - 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 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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