235 views

Chart of the Day: Almost 20,000 HDB units per annum to hit MOP in 2020 onwards

Stable prices in the resale market may drive upgraders to buy a bigger home.

This chart from DBS Bank shows that close to 20,000 units per annum will come off their minimum occupation period (MOP) for HDB from 2020 onwards. Over the next 10 years, flats that will hit the MOP is estimated at 17,000-19,000 per year.

Higher volumes and stable prices within the HDB resale market are expected to drive upgraders, or homeowners who have already bought their first HDB homes, to buy a bigger home, whether due to a growing family or aspirational reasons.

“Whilst there is a significant number of households that can choose to upgrade to the private market, the timing of these households opting to enter the market remains uncertain for now. Developers will likely cater their projects to attract this market,” the report stated.

According to data from SRX, about 4,785 flats will be eligible to join the HDB resale market in the next three months.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education