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HDB resale prices rise for 13th straight month


HDB resale prices have once again defied gravity, rising for the 13th straight month in July. This means that it has been over a year of prices rising now, a phenomenon that’s incredibly rare especially in HDBs. In fact, 19 million-dollar flats were sold in June, and experts have termed this increase as a “relentless expansion”. What’s going on in the market, and what’s driving this demand?


One of the main driving factors is the robust demand, pushed up by home buyers who have been affected by the massive COVID-19 construction delays for BTO flats. This has caused buyers to seek certainty in resale flats instead, with little to no waiting time. While in the past, BTO flats were more desirable due to their status as brand new and well-designed, now resale flats are getting facelifts of their own, with owners choosing to conduct massive renovations, interior design, and more.


A second driving factor is the recent reports of sellers selling their flats above valuation, and as prices increase further, these reports are coming in fast and furious. As more and more sellers jump on the bandwagon, prices seem set to increase further, fueled by an increasing demand and changing buyer preferences.


With that being said, what does this mean for homeowners? It means, now might be one of the best times to sell your HDB above valuation, and upgrade to a private property, riding the wave of capital gains to grow your wealth with minimal cash outlay. UnlockHome helps you do that seamlessly, unlocking the value of your property through our creative marketing strategies, all aimed at getting you maximum awareness and exposure for your property. This exposure will gain you competitive cheque offers, driving up the demand for your property, and in turn, driving up the price. We believe in maximizing your returns, providing a complete suite of premium services – all for just 1%. If you’re a homeowner looking to sell and upgrade your property, we’d love to hear from you! Drop us a call or message today, and check out our website at www.unlockhm.com for more.