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

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

Punggol and Sengkang had the highest number of newer flats sold from 2011 to last year. PHOTO: ST FILE
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The HDB had boosted the supply of new flats following a housing shortage, with more than 25,000 flats launched each year from 2011 to 2013. As a result, more than 80,000 flats will be eligible for resale in the coming three years, as these units reach their MOP.

Last year, around 30,000 flats reached their MOP. This year, there will be 24,000, and 2022 is likely to have a bumper crop of 31,000 flats or more.

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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 HDB flats hit 9-year high in 2019. Subscribe