13 Jul '11, 8am

A HDB flat in Pasir Ris is asking for a whopping $900,000.

A HDB flat in Pasir Ris is asking for a whopping $900,000.

Just $100,000 short of hitting the million dollar mark, the asking price for the 1,528 sq ft HDB executive flat … The red-hot HDB market is showing no signs of cooling despite public housing affordability being a key issue in the recently concluded general elections, and the implementation of various cooling measures by the Singapore government since 2010. Fresh from the Design, Build and Sell Scheme (DBSS) fiasco, where developer Sim Lian Group stirred controversy when it announced that the indicative price of its most expensive 5-room flat would cost $880,000, the Housing and Development Board (HDB) is under the spotlight again after an eye-popping ad listing was posted on local property website PropertyGuru. The ad shows a 1,528 sq ft HDB executive flat at Block 780 Pasir Ris Street 71 with an asking price of $900,000. Considering that it is a public housing project loc...

Full article: http://sg.news.yahoo.com/blogs/property-blog/pasir-ris-hd...

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