28 Feb '13, 3am

Majority of new home buyers have HDB addresses: report | | PropertyGuru | #singapore #property #hdb

For the first time since 2003, buyers with HDB addresses accounted for the bulk of demand (53 percent) in the new private homes market last year, according to a DTZ report. “In the primary market, the number of private homes bought by HDB addressees rose 34 percent in 2012 to 9,380 units while the number of private homes purchased by private addressees rose a smaller four percent to 8,239 units.” On the other hand, the resale market saw purchases by flat owners slip by two percent to 5,224 units, compared to those with private addresses which dropped nine percent to 10,331 units. “The stronger demand from purchasers with HDB addresses could be due to rising HDB resale prices which make private housing more affordable for HDB upgraders. Some of these buyers with HDB addresses could also have kept their HDB flat for rental, which would help to support the mortgage payments f...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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