Singapore Property News This Week #45

Residential HDB upgraders finding it harder to purchase private property With the slower resale market, coupled with decreasing cash-over-valuation (COV) figures, HDB upgraders are finding it harder to upgrade to private properties.Based on PropNex Realty’s February resale deals, median COVs for all flats other than three-room flats fell by $3,000 to $7,000. In January, the…

How to Choose the Right HDB Flat For You

(Image courtesy of Singapore Tourism Board) Most young families in Singapore buy an HDB flat as their first property as it is more affordable versus private housing, and government subsidies are available for their purchase and financing. More than 80% of Singaporeans live in HDB flats, and more than 90% of them own the home…