By popular demand, we’re updating this list from the previous one we did in 2022. We get why everyone is asking – the supply of HDB flats reaching MOP in 2023 is going to fall by half that of 2022.
Nevertheless, with high interest rates, it seems to be imperative to be prudent in 2023, the following will provide some quick leads on where to start looking for the cheapest 4-room HDB flats:
A note on the resale situation for 2023
Around 31,325 HDB flats reached their MOP in the year 2022. As of 2023 however, it’s estimated that only around 15,748 units will reach MOP. This means a smaller potential number of resale flats entering the market; and coupled with the still strong demand, resale flat prices could maintain their momentum, even despite the September 2022 cooling measures.
Real estate firm PropNex is predicting a six to eight per cent uptick in resale flat prices for the year.
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