With that many HDB units coming into the resale market in 2020, can home owners still sell at a profit when competition is stiff? HDB upgraders who had seen the trend coming have started to transit to private condos as early as 2017 when the prices of HDB and private homes started to diverge, with private home prices leading the upside. Penrose which is launching in 2020 is another opportunity for the upgraders who wish to live at the city fringe to take advantage of the area’s upcoming rejuvenation to lock in capital appreciation early before prices go up further.
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