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Resale condos, and in particular resale ECs, have been on the minds of buyers in 2023. It’s not surprising, given the combination of high-priced new launches, and the lack of upfront ABSD for upgraders (if you buy an EC before selling your flat, you still don’t need to pay ABSD). For those willing to consider these properties, we’ve picked out...
Grants None Proximity Housing Grant of up to $30,000 (if unit is within 4 km of children or parents) Family Grant and Enhanced Housing Grant, but there are income ceilings** Resale prospects Pool of prospective buyers tends to be smaller, but fewer eligibility requirements for buyers Buyers must be eligible to buy HDB properties, but there tends to be a much bigger pool of buyers Lease decay issues All resale flats are on 99-year leases *Average island-wide, as of January 2021. The following is the price for leasehold and freehold shoebox units, as well as 5-room resale flat prices across ...