{"id":31669,"date":"2023-01-13T19:00:45","date_gmt":"2023-01-13T11:00:45","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=31669"},"modified":"2024-11-01T14:33:25","modified_gmt":"2024-11-01T06:33:25","slug":"selling-your-flat-soon-after-mop-smart-move-or-dumb-move","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/selling-your-flat-soon-after-mop-smart-move-or-dumb-move\/","title":{"rendered":"Selling your flat soon after MOP: Smart move or dumb move?"},"content":{"rendered":"
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Upgrading to a condo<\/a> is considered a rite of passage for some Singaporeans \u2014 like getting through NS, or appearing on Stomp. But are these Singaporeans making a smart or dumb move, by rushing to sell<\/a> their flat right after MOP?<\/p>\n

Here are the main considerations:<\/p>\n

Why would anyone want to sell soon or right after the MOP?<\/h2>\n

Mostly, they believe that time spent holding on to the flat \u2014 as opposed to getting a condo<\/a> \u2014 is money lost. This is based on the premise that, with few exceptions, HDB flats do not appreciate as well as a condo.<\/p>\n

For example, let’s look at how the prices have moved from 2012 to 2022:<\/p>\n

\"HDB<\/a><\/p>\n

 <\/p>\n

On average, HDB flats island-wide have seen prices rise from around S$449 psf in 2012 to about $531 psf last year. That’s up by around 18%. Conversely, condo prices have risen by around 48% in the same period \u2014 from an average of S$1,214 psf across Singapore to just over $1,801 psf by the end of last year.<\/p>\n