27 Feb '14, 11pm

Ratio of HDB owners buying shoebox units up: Report, Singapore Property News, Singapore Property...

Ratio of HDB owners buying shoebox units up: Report, Singapore Property News, Singapore Property...

Private home buyers and their estate agents waiting to complete their Bartley Ridge unit purchases. HDB dwellers made up 62 per cent of all sales in the shoebox unit market last year, up from 60 per cent in 2012, said DTZ. -- ST FILE PHOTO A BIGGER proportion of Housing Board flat owners are opting for shoebox units when they buy private homes, according to property consultancy DTZ yesterday. The purchases were likely for investment and not upgrading, said the report, which also noted that private home sales tumbled 40 per cent last year. The buyers' market is expected to continue this year, it added. Shoebox units, which are homes that are 500 sq ft or less, accounted for 17.3 per cent of HDB dwellers' private home purchases in the fourth quarter last year. Such units made up a record 13.3 per cent of all private home purchases last year by people with HDB addresses, with...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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