26 Aug '14, 4am

HDB upgraders dominate condo sales, first time since 2012

Comment E-mail to friend Bookmark & Share Demand among HDB upgraders for non-landed private homes has risen slightly, with the proportion of buyers with public housing addresses increasing by three percentage points to 52 percent (1,842 units) in Q2 2014 from the previous quarter, revealed DTZ. Comparatively, buyers with private addresses accounted for 48 percent (1,702) of such units. This marks the first time since Q1 2012 after the Additional Buyer’s Stamp Duty (ABSD) was introduced that buyers with HDB addresses accounted for a bigger share of non-landed private home purchases. The new data comes amid falling resale flat prices, which would have impacted upgrader demand amongst HDB addressees. “Some buyers with HDB addresses could have been tempted to enter the private residential market with the fall in prices. This could be the case for some HDB addressees looking fo...

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

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