16 Jun '11, 9pm

Would you pay S$880K for a HDB flat?

SINGAPORE - Prices of flats released under the Housing and Development Board's (HDB) latest Design, Build and Sell Scheme (DBSS) have raised eyebrows among some analysts. In a central location within a mature estate, Centrale 8's 708 units in Tampines range from S$397,000 to S$510,000 for a three-room flat, to S$685,000 and S$880,000 for a five-bedroom unit. Four-bedroom flats will cost between S$531,000 to S$683,000. For S$880,000 - or S$750 per sq ft for a five-bedroom flat - a household could buy a private property in Pasir Ris or Flora Road, where the properties are going for around S$750 to S$800 per sq ft, said Propnex chief executive Mohamad Ismail. "I'm concerned that the prices of these flats seem to be even higher than the resale flats immediately available in Tampines," he said, noting that the most expensive three-room unit cost S$764 per sq ft - more than a ty...

Full article: http://www.todayonline.com/Singapore/EDC110617-0000485/So...

Tweets

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