by OrangeTee & Tie Pte Ltd.

What Is Driving The Red-Hot HDB Resale Market?



Singapore, 20 May 2021

The HDB resale market is hot - hotter than I thought. When I put up a 4-room flat listing in Clementi for sale recently, inquiries came in fast and furious. Within the first week after putting the flat on the market, a young couple gave the option fee. However, the buyers did not exercise the option due to a sudden change in their job situations. After I put it back on the market, I found a new buyer almost immediately! 

The property market is performing well in every segment and the HDB resale market is not the only market segment to experience this surge in sales activities. Despite the current Covid-19 pandemic, we see the same happening to new launches, private resale condos, HDB and private condo rental market, and also handed housing. In this article, I will be focusing on what drives the HDB resale market. 

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