Post image for Are Million Dollar HDB Flats Going to be the Norm?

It was reported in the media in early October that a 1,668 square foot HUDC unit at Block 315 in Bishan along Shunfu Road was sold for $1.1 million, or around $659 per square foot. It was also reported that the flat was valued at $900,000, so the buyer paid a Cash Over Valuation (COV) […]

HDB blocks (Image courtesy of the Singapore Tourism Board)

(Image courtesy of Singapore Tourism Board) Most young families in Singapore buy an HDB flat as their first property as it is more affordable versus private housing, and government subsidies are available for their purchase and financing. More than 80% of Singaporeans live in HDB flats, and more than 90% of them own the home […]