BTO flats eligible for resale to drop in 2023

Is upgrading from a HDB property to a condominium on the cards for you this year?

While there will be an approximate 50% plunge in the supply of flats that would complete their minimum occupation period (MOP) this year, translating to less intense competition in the market, there are other factors that you should also consider.

Aside from the increase in bank interest rates, surging construction costs, as well as inflation, would likely give rise to higher private property prices.

To add to it, the private housing rental market is expected to see slower price growth.

Looking to explore your options in the private property market? Wonder Homes can provide you advice and tips for planning your property journey. Contact us today!