Hi there,
- HDB valuations have indeed seen a significant increase over the past year.
- Several factors contribute to this rise, such as limited supply, high demand, and the preference for homes with more space due to the work-from-home trend.
- Additionally, government policies and low interest rates have also played a role in boosting property prices.
- While the economy might not be doing well, the property market can sometimes move independently based on these factors.
- If you buy an HDB at a high valuation, there's always a risk of price fluctuations in the future.
- However, HDB prices generally show long-term stability due to the strong demand for public housing in Singapore.
- It's crucial to consider the location, future developments in the area, and your long-term plans when making a decision.
Thank you.
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- Mani Subramanian Veeramani
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