Singaporeans Are Ditching Their Flats Earlier, With Good Reason

Source: https://www.businesstimes.com.sg/real-estate/1556-private-homes-including-ec-units-sold-in-july-up-89-from-june-ura

All HDB flats are required to fulfilled Minimum Occupancy Period (MOP) of five years.  However, in recent times, there have been trends that more and more Singaporeans are ditching their flats earlier, and with good reasons.  Reasons such as using private housing as a retirement plan, a means of refinancing by cashing out on HDB, higher purchasing power with higher income, greater aspiration and wealth inherited from property appreciation.  With the number of home sales, we can expect stronger demand in Marina One Residences.

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