2024 is an important month, coming in at the tail end of the housing supply craze. With home production ramping up in the past two years, and Covid firmly in the rearview mirror, some HDB buyers are hoping for a break – but while the situation is seemingly better, it’s hard to say if we’ll see lower prices this very year. Here’s a look at how things are shaping up so far:
The HDB resale situation in 2024
One of the biggest changes on the resale scene is from the BTO side of the equation. In August last year, the government ended the old system of mature versus non-mature flats; and flats are now classed into Prime, Plus, and Standard. We already have some Prime housing, and 2024 will see the first batch of Plus model flats in the Bayshore area.
Over the coming year, we may see the effect of the new housing model start to sink in. Plus and...