HDB resale market has had an amazing year, with sales volume for the full year hitting an eight-year high last year. The strong demand bolstered resale flat prices, which rose 5 per cent last year, the steepest annual price hike recorded since 2012. Given that the global economic outlook is likely to be more favourable this year, demand and flat prices are expected to rise further. A noticeable trend is that non-mature estates dominated the most popular housing estates’ top rankings last year. Seven of the top 10 hot spots were non-mature estates, with Sengkang and Punggol leading with almost 4,000 units changing hands. Tampines was the top choice among mature estates, followed by Bedok and Ang Mo Kio. These three estates have been very popular since the 2000s. Last year, prices of resale flats held up well in all the top 10 estates. High price growth was registered in Hougang (7.9 per cent), Woodlands (7.7 per cent) and Jurong West (7 per cent) last year, just behind Clementi (9.5 per cent) and Queenstown (8.9 per cent), which registered the highest increments among all estates.... Continue Reading