First time home buyers HDB Transaction trend

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propertywise
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Joined: Thu Oct 06, 2016 1:15 pm

First time home buyers HDB Transaction trend

Post by propertywise » Fri May 05, 2017 5:56 pm

Recent statistics shows that twenty percent of the first time home buyers of government Housing Board homes have greater preference for resale units in the open market as compared to the Build-To-Order units direct from government last year. Housing and Development Board or HDB in short compiled its sales data which showed three thousand four hundred and forty one Singaporean families purchased resale units with housing grants which worked out to be approximately twenty percent of all the transactions made by first time home buyers and these purchase were made with government grants or subsidies. One of the contributing reasons to such high percentage is that the price variance is getting narrower and coupled with increase in supply of flats in various locations as desired by the home buyers implying that there are plentiful of options to choose from. Home buyers are now pampered with luxury of choices given the price slide over last couple of years for resale units in the market. Resale units are also beginning to come out from popular locations such as Holland Drive and Duxton in Tanjong Pagar. Any spillover effect on new condo in the market or new condo launch in the near future with those already new launch condo in recent developers' sales .....still too early to predict. Any effect on upcoming launches such as Martin Modern and Martin Modern price to be closely watched.

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