by OrangeTee & Tie Pte Ltd.

HDB upgraders help boost new condo prices in suburbs

SRX HDB Resale Data

SRX HDB Resale Data

Singapore, 14 Feb 2021

The price gap between new private homes and older “pre-loved” ones in the suburbs has widened further on the back of a buying spree from HDB upgraders armed with cheap mortgages. New homes typically command a premium over resale units, due in part to ever-increasing prices for development land, but the overall differential widened last year to about 37 per cent from 32.4 per cent in 2019.

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