How can HDB owners take advantage today?

If you have been catching up with the news recently, you would have heard about the labour crunch that is affecting the construction industry. Not only were new launch projects impacted by this implementation, BTO projects were also getting slower completion due to the scarcity of workers working on these projects.

Did you know that you as a HDB owner can take advantage of the current market situation today? The only question is how, and we are here to provide some answers!

With work-from-home as a default measure in Singapore now in efforts to curb the spread of the virus, many working professionals have been experiencing a rise in an urgent need for space in their own private homes to draw boundaries between the home and work life. In addition to the labour crunch that the construction industry is facing, many Singaporeans have turned to the HDB resale market in order to satiate their need for bigger home spaces.

This has thus translated into an increase in demand within the HDB resale market as people do not wish to wait for an extended period of time to receive their keys in the BTO or new launch market. Instead, the resale markets - both private and HDB - have been seeing a surge in demand and therefore, prices in these markets have been on a steep upward trend as well.

HDB owners can leverage on the current seller’s market in order to upgrade their property and grow their wealth! With prices on an upward trend, the current market conditions pose a favourable position for sellers in order to sell their units and gain higher forecasted capital returns.

Here at WonderHomes, we strive to aid buyers and sellers alike in optimising their property portfolio and gaining the highest possible returns through the analysis of current market conditions. Drop by our website at https://www.wonderhomesg.com/ and give us a call today!