Quote:
Originally Posted by Unregistered
It seems that at quite a lot of people is considering of downgrading their home as they are closer to their retirement. Imagine if every does it, there will be an over supply depending on location and age of the unit. Just look at the large no of condo units TOP in punggol, sengkang and yishun in the next two years. Rental will be affected and home price will soften too.
|
As retired couples downgrade from their 3 or 4 bedroom condo units, there will be an oversupply of the big condo units. Demand for the smaller condo units (studio, one bedroom and two bedroom units) will be in high demand as the retired couple downgrade to these smaller units.