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New private home sales up almost 15%, thanks to HDB upgraders

As people gets more educated in terms of property investing, they realized that private properties yields a far better return in terms of capital appreciation and rental yields compared to HDB. This is evident from the fact that there is a increasing number of HDB upgraders to private properties. This in turns boost the transaction volumes in new launches and the increasing demand is keeping prices steady. This impact is felt more in Outside Core Region (OCR) new launches where most of the HDB upgraders resides.

The Florence Residences is poised to take advantage of this phenomenon as it is nestled in HDB estates and there is no lack of demand from HDB upgraders. With the upcoming Cross Island Line Hougang Interchange MRT Station, it is in a even better position to capitalize on it.

 

Source: https://www.straitstimes.com/business/property/new-private-home-sales-up-almost-15-thanks-to-hdb-upgraders

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