Chart of the Day: More HDB dwellers bought new homes

8 in 10 opted to buy condo units worth $1.5m and below.

This chart from EdmundTie & Company (ETCo) showed that more Housing and Development Board (HDB) dwellers aspired to have a home upgrade as non-landed sales by with HDB dwellers increased 17.9% YoY to 2,075 units in Q2 from 1,760 units in Q1.

“The growth in non-landed purchases by these buyers came after two consecutive quarters of decrease,” the firm noted.

Data also showed that most HDB dwellers (79.1%) opted to buy properties which were priced $1.5m and below. This is a slight increase compared to the 78.5% who bought properties under the same range in Q1.

Amongst new sales, around 75% and above of popular projects that were taken up by buyers with HDB addresses were generally priced $1.5m and below. This amount rose when considering units priced $2m and below.

“For some developments such as The Tapestry and Parc Botannia, all units purchased by buyers with HDB addresses were priced $2m and below,” the firm explained.

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit