Starting from 2020, there’ll be about 20,000 HDB units that will come off their minimum occupation period (MOP), reported Singapore Business Review mentioning a DBS Bank report.
Flats that will strike on the MOP is anticipated to reach 17,000 to 19,000 annually over the next 10 years. See the Kopar at Newton sales gallery for more details.
Stable prices and greater volumes inside the HDB resale market are observed to drive upgraders (homeowners that have already purchased their initial HDB houses ), to purchase a larger house, whether because of aspirations or a growing family.
“Whilst there’s a significant number of families that can opt to upgrade to the private market, the timing of those households opting to go into the market remains uncertain for the time being. Programmers will probably cater their endeavors to attract this market,” said the report.