Around 20,000 HDB Units Annually To Hit MOP Starting 2020

About 20000 HDB units to MOP after 2020

From year 2020 onwards, there is going to be about 20,000 HDB apartment units that will come off their minimum occupation period (MOP), said a report from the Singapore Business Review, citing a DBS Bank report. This is good news for buyers looking a good deal near The Watergardens At Canberra location.

Flats that will meet the MOP timeframe is expected to reach 17,000 to 19,000 every year for the next 10 years. Higher volumes and steady prices seen in the HDB resale market are likely to push upgraders (home owners who have already bought their early HDB homes), to buy a bigger house, whether because of higher aspirations or a expanding family.

As the number of HDB resale units a hitting a new high as more units meet MOP for the next 3 years, RES will be in demand to help owners of these resale units sell and re-invest in private properties to take advantage of better capital appreciation, a good time to start a Property Agent Career.

“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,” said the report.

Source: https://www.propertyguru.com.sg/property-management-news/2020/1/185612/around-20000-hdb-units-annually-to-hit-mop-starting-2020

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