'It was a good time to upgrade': More HDB flat owners took the leap to private homes in 2024
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After living in their Jurong West HDB flat for over 20 years, this Singaporean couple finally decided that it was time to upgrade to a private property. The value of their five-room flat has, after all, appreciated by around $400,000 over the years. Je'It was a good time to upgrade': More HDB flat owners took the leap to private homes in 2024
After living in their Jurong West HDB flat for over 20 years, this Singaporean couple finally decided that it was time to upgrade to a private property. The value of their five-room flat has, after all, appreciated by around $400,000 over the years. Jeffrey Teh, 49, and Ling Goh, 46, paid about $350,000 for their flat some 20 years ago. They subsequently forked out about $1.42 million for their three-room condo in Choa Chu Kang last year. Speaking to AsiaOne, the couple said that their decision to make the move was driven by investment goals and the future of their two children. «We have been living in our HDB flat for a period of time and we have seen a healthy growth in our flat's market value. We thought it was a good time for us to upgrade to a private home,» said Teh, who operates his own business. Goh, who works as an admin manager, added that the leap was also made for their children as they got to enjoy the condo's facilities and the proximity to their schools. This couple is among the growing number of HDB flat owners who made the leap to private housing in 2024. Read more