Hi guys, as you all have read from the news or other portals, we can see a decline in demand for private houses, as stated with the fall in prices of private property for the first time in 3 years.
This may be due to certain factors.
1. Government have improved HDBs with the BTO and DBSS flats, which brings about a wide variation of HDBs which fulfills 2 important criteria when purchasing homes, comfort and price.
2. The rise in HDBs price have been more drastic compared to the rise in prices for Private property. Here is some statistics. In the past 5 years prices of HDBs increased by 84% while Private property 42%, which result in more people investing in HDBs which brings about faster and more Significant returns.
( source )
Moreover the lower prices of HDBs brings about less risk as well.
as we look into current
HDB prices.
the recent 880k for a
HDB in Tampines,
(source)
To recent 900k sales of HDBs
(source)
as we can see, there is in deed a rising trend for HDBS
This is my own personal opinion of the subject matter please feel free to give your opinions as well.
Thank you