Should You Be Upgrading To A Condo In 2023?
By: Stacked
By: Stacked
If there's a single defining feature of the 2022/23 property markets, it's an increasing low supply and historical highs across the board. This has led many to wonder if it is still the right time to make their big step: to sell their flat and fund a condo purchase. But remember that, even if you sell your flat for record highs, you may end up buying condos priced the same way.
Here's what to know before you upgrade this year:
You may sell high this year, but you're buying high as well
These two charts aren't very specific, but suffice to demonstrate a general point. These are HDB flat prices over the past five years...
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