03 May '11, 3pm

GE: Aljunied GRC flat prices 3% to 16% higher then Hougang SMC

SINGAPORE: National Development Minister Mah Bow Tan said the average resale prices of flats in Aljunied GRC are three to 16 per cent higher than in Hougang SMC. Mr Mah was rebutting the Workers' Party's Low Thia Kiang, who had said on Monday that resale flat prices in Hougang are higher. Mr Low cited two examples of five-room flats - one in Hougang and the other in Pasir-Ris Punggol GRC. However, Mr Mah said recent resale transactions of flats with similar attributes in Aljunied GRC, fetched higher prices that those across the road from Hougang. Mr Mah said the higher average resale prices (of three per cent to 16 per cent) are based on a fairly large number of transactions, not just one or two flats. He added that this is public information which can be found on the HDB website.

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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