Video description from @therightmovesg
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Understanding HDB property prices requires looking beyond the surface.
In this video, we break down the key market trends, supply shock data, HDB resale price trends, and private non-landed property movements to better understand where the Singapore property market could be heading.
We look at a projection chart covering private TOP supply, HDB MOP supply, HDB resale prices, and private property prices, with trends projected towards 2029.
From the 2014 to 2017 oversupply period, to the 2017 to 2020 price divergence, to the COVID supply shock, we examine how each market phase affected both HDB and private property prices.
Today, some of the data may be pointing to a market setup similar to 2017 again.
•Private TOP supply is coming down.
•HDB MOP supply is rising.
•HDB resale prices may see short-term support.
•Private prices may diverge from HDB prices again.
For HDB upgraders, this is important because understanding the gap between HDB and private property prices can help you plan your next move more clearly.
You'll learn:
• Why HDB MOP supply matters
• How private TOP supply affects the market
• What the COVID supply shock changed
• Why HDB and private prices may diverge
• What this could mean for HDB upgraders
If you are tracking the HDB resale market or planning your property upgrading journey, hopefully this gives you a clearer framework to understand what may happen next.
You might just be one good move away.
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