Singapore Property | There is a huge amount of HDB addresses buyers for a private non-landed home transactions according to the data given by URA’s, there is about 54% of accounted HDB addresses buyers. There is higher demand for the HDB addresses type of transaction which is 60% compared to only 43% of resale market.
There is an organization that looks for the perfect location wherein there are a huge number of upgraders that would be willing to use their proceeds of HDB rental to offset their current monthly mortgage. Such organization is known as The Edge Property. The study that was done in September 8, 2015 is what most of this concerned parties uses. The fluctuations in the rent prices of the condo unit within the included area will also be put into consideration. And if an upgrader will plan on moving to an area located near their old place and if they have the highest rate of rents then they will surely find it easy to use HDB rent to ease the mortgage load of their planned upgrade.
For a town that has a higher HDB rents will provide their upgrades a better higher purchasing power, as an example for a flat owner in Tampines of the East Region usually have a rate of $2,350 a month for a 4 room type of unit flat. And as for the common condo mortgage would usually amount to $4,451 monthly, the upgraders will only have to pay $2,101 monthly for their rent.
This has made it easy for families or individual who are planning on upgrading their current unit into a different more suitable unit for them. They can easily own or rent a new place better and still nears their old one. It would be better if HDB flat is fully paid by the owner so that all the proceeds from reselling will be used to finance the ne condo unit.
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