With 24,000 HDB flats expected to reach MOP in 2020 and 31,000 in 2022, more and more Singaporeans are selling their HDB upon fulfilling their MOP. This trend to upgrade is expected to continue in the near future. Last year, we saw a 9 year high in the sales of newer flats. In 2019, out of the total 22,477 resale HDB transactions, 20% involved newer flats that were 10 years old or younger. This is compared to less than 8% some 5 years ago.
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