The survey, which is conducted once every five years, found that 93.2% of respondents were satisfied with their flat, up from 91.6% in 2013.
February 15, 2021
Analysts expects demand from upgraders to continue this year as HDB resale prices rose 5% last year, or its steepest growth since 2012 when values increased 6.5%.
The impact of the government’s move in 2018 to reverse the trend of developers constructing more shoebox units is starting to be seen. One such example is Hong Leong Group who commissioned bigger units in their projects such as Penrose.