Prices of resale HDB continue to increase which figure is higher as compared to 2019. BTOs by HDB are over-subscribed and for those 1st timer buyers who could not get what they want are switching to the resale market since the waiting time is shorter. More and more prime HDBs will hit reach their 5-years MOP and some owners will use this opportunity to cash out or upgrade to a private properties or invest in new launch with growth potential like Avenue South Residence since it is part of the future masterplan transformation and Keppel will build 9,000 BTOs in the future.
Source: The Straits Times
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