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Higher HDB resale prices make it easier to upgrade
The Straits Times
|February 26, 2025
12.7 per cent to 18,561 in 2024, from 16,474 in 2023, said PropNex, citing the Urban Redevelopment Authority's (URA) Realis data.
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URA Realis data for 2,098 transactions are marked unavailable as at Feb 19. Once this data is updated, PropNex believes the number of homes bought by those with HDB addresses will increase further.
"Overall, we anticipate that the proportion of homes bought by those with an HDB address in 2024 could be in the region of more than 30 per cent - in line with previous years," PropNex chief executive Ismail Gafoor said.
Trading up may be easier for some HDB upgraders as the growth in resale HDB flat prices surpassed that of private residential property prices in 2024.
Based on the HDB resale price index, resale flat prices rose by 9.7 per cent cumulatively in 2024, compared with a 4.9 per cent gain in 2023.
Private residential property prices grew 3.9 per cent in 2024, compared with a 6.8 per cent jump in 2023.
Esta historia es de la edición February 26, 2025 de The Straits Times.
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