In 2023, despite some HDB estates experiencing moderating prices, a consistent trend remains: for homeowners desiring a long-term stay in HDB and finding the wait for a BTO daunting, flats that have freshly reached their Minimum Occupation Period (MOP) present an enticing opportunity. Amidst market dynamics shaped by factors such as rising interest rates and surging private home prices, these.
Ask most property agents in 2023, and they’ll tell you any landed home under $4 million is likely a leasehold (or cluster housing, or a strata-titled unit in a condo.) But our recent checks show that isn’t true. There are some places where true, freehold landed properties can be had for under $4 million; just so long as you’re not.
Our verdict
81 per cent
Overall rating Terra Hill is a 270-unit freehold development that sits at the cusp of the Greater Southern Waterfront transformation. Even though it is years ahead of us, its location in the RCR already means it is within close proximity to key nodes such as Mapletree Business City, one-north and the CBD. The development is built on.
Resale flat prices in 2023 are still high, although the last quarter of 2022 showed the slowest price increase of the year for resale HDB flats so far at 2.3 per cent. The rate of growth in prices has slowed too, with resale prices rising by 10.4 per cent, which is slower than the 12.7 per cent increase in 2021..