by OrangeTee & Tie Pte Ltd.

Drop in appetite for private homes among some HDB owners

SRX Private Residential Data

Singapore, 29 Aug 2022

Housing Board upgraders' love affair with private property cooled in the first half of this year following the Dec 16 round of property curbs and higher mortgage rates. 

Fewer HDB flat owners bought private property even as HDB resale flat prices gained 5.3 per cent in the first half compared with a 4.2 per cent rise in private home prices.

"Some may have difficulty paying the ABSD upfront even if they are able to get the ABSD remission after selling their flats," OrangeTee & Tie senior vice-president of research and analytics Christine Sun said.

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