In the wake of property cooling measures developers have begun to offer higher percentage price discounts in an attempt to offload stock, making upgrading to condominium living a tempting option for HDB owners. Using 5-room HDB owners as a case study, we examine if now is the right time for HDB upgraders to cash out of their flats, and invest in the private condominium market. To measure the ease of upgrading by HDB owners, we looked at the upgrade premium, which is the difference between median HDB resale price per square feet (psf) and median condominium resale price psf of equivalent sizes, i.e. 100 - 120 sq m or 1,076 -1,292sqft for each quarter.
Tagged in:
Cash sales proceeds
Housing and Development Board HDB
Monthly household income
Monthly mortgage repayments
Number of HDB housing units VS Total housing stock
Private residential PPI versus GDP growth
Singapore property market cooling measures
Total Debt Servicing Ratio TDSR
Urban Redevelopment Authority of Singapore URA