DESPITE lingering concerns about depreciating value and some adverse impact from the latest cooling measures, older HDB flats in Singapore are still in demand, according to a study by property consultancy OrangeTee & Tie.
For the first quarter this year, 628 older flats – that is, those that are more than 40 years old – were sold, constituting 13.9 per cent of total resale transactions. This is the highest percentage of older flats sold on record, the property consultancy noted.
Older flats “defied prevailing headwinds” with a record 2,537 flats being sold last year, OrangeTee & Tie said.
Click here to read the full article on The Business Times.
Click here to read the full report by OrangeTee & Tie Research & Consultancy