Private resale properties’ price increase as pent-up demand is higher than the supply. Many buyers were worried that once Singapore open up its border to foreigners, our properties prices will go up even further! As more HDBs reaches its 5-years MOP, we saw a good numbers of upgraders for private condominium. They will either get a new launch for investment and stay in resale condo, or rent a unit while their new condo is waiting for completion.
Source: The Straits Time
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