BTO flats are considered entry-level homes for most Singaporeans, as they come with grants that make their prices generally lower than comparable housing options. However, many people are selling their houses after reaching the Minimum Occupation Period (MOP).
The question is, which areas make the most profit upon selling?
The top 10 gainers were estates located in the Outside Central Region (OCR) or suburbs, such as Sengkang in the northeast region, Sembawang in the north and Choa Chu Kang in the northwest.
“There are currently three major economic gateways built in the east, west and north of Singapore that have heightened the desirability of flats in these areas,” says Christine Sun, OrangeTee & Tie senior vice president of research and analytics. “The transformational works usually involve the addition of new offices, housing units, amenities and recreational facilities, and enhancement of transportation networks, which will create new housing demand and enhance the investment value of properties in these locations. There are many developmental plans for the northern and north-eastern regions.”