Sales of newer HDB flats hit 9-year high in 2019

Punggol and Sengkang had the highest number of newer flats sold from 2011 to last year.
Punggol and Sengkang had the highest number of newer flats sold from 2011 to last year.PHOTO: ST FILE

4,578 units that were less than 10 years old changed hands, 33.4% up from previous year

Increasing numbers of home owners have been selling their Housing Board flats the moment they hit the minimum occupancy mark.

Sales of HDB flats less than 10 years old hit a nine-year high last year, when 4,578 units changed hands - 33.4 per cent up on the 3,432 moved in 2018. The low point was in 2014 when only 1,021 units were sold.

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A version of this article appeared in the print edition of The Straits Times on January 30, 2020, with the headline 'Sales of newer flats hit 9-year high in 2019'. Print Edition | Subscribe