Resale HDB price increase significantly over the past few months with COV trending for many units. Many buyers switches from BTOs to resale HDB as BTOs are overly subscribed and also they take into consideration of longer waiting time. As more owners sold off their HDBs, there will be good percentage who will upgrade to private properties during these period since cost of lending is still relatively low. Such trend will continue to follow together with sizzling pent-up demand. One Normanton Park will attract buyers who enjoy 180-degree sea view and tranquil, exclusive area yet close to city.
Source: The Business Times
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