11 Jun '11, 1am

Price gap between mass market private homes and HDB flats has widened to a new record

Price gap between mass market private homes and HDB flats has widened to a new record

Buyers thronging the launch of The Scala condo in Serangoon last year. The price gap between mass market private homes and HDB flats has grown to about $490 per sq ft. -- ST FILE PHOTO THE price gap between mass market private homes and HDB flats has widened to a new record - making it harder than ever for aspiring HDB upgraders to buy a private home. This is according to a new report by Goldman Sachs, which said that the price difference between 99-year leasehold homes in the suburban areas and five-room HDB flats grew to about $490 per sq ft (psf) in the first quarter of the year. Read the full story in Saturday's edition of The Straits Times.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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