18 Aug '11, 4pm

More HDB upgraders turning to private property market - Channel NewsAsia

SINGAPORE: More HDB flats may be on the way but upgraders are increasingly turning to the private property market. According to a report by DTZ Research, there is a rising trend of transactions made by purchasers with HDB flat addresses. These buyers bought about 39 per cent of all private residential homes in the second quarter of this year, higher than the 37 per cent registered in the first quarter 2011 and the 34.6 per cent in the fourth quarter last year. DTZ said this could be due to more projects launched in the suburban areas therefore attracting HDB upgraders, HDB flat owners who buy for investment, or singles who are staying with their parents in HDB flats buying their own apartments. Another trend that DTZ has identified is that these buyers are also purchasing small units that are below 1,000 sq ft in size. It found that 50.3 per cent of purchasers who bought u...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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