The prices of resale HDB prices have continued to rise, and it has climbed to an increase of 2.8% in Q2 this year, beating Q1’s numbers of 2.4%.
Source: Straits Times
Amidst the rising interest rates globally and the surging prices, the number of transactions involving resale HDB flats have also fallen with sales momentum dropping.
Why is this phenomenon happening, and should prospective homeowners be worried about this sharp increase in HDB resale flats?
Reasons Behind The Continued Increase In HDB Resale Prices
Why are HDB resale prices rising so rapidly?
One reason could be that more are turning towards resale flats over BTO flats.
With BTO construction times lengthening due to delays, many young couples are turning to resale flats so that they can settle down in a home of their own without the hassle of long waiting times and procedures....