HDB Home Value Will Not Go Down

Property

By Financial Freedom • March 20, 2011

After contemplating on the option to buy a 2nd property or invest in real estate investment trust (REITs), I have more or less come to a conclusion that investing in REITs is perhaps the more viable option for me now. And that is the reason that I bought some AIMSAMP REITs into my portfolio recently.

I was also heartened to read the news today where Minister Mentor Lee Kuan Yew opined that since 85% of Singaporeans lived in HDB flats, the government would strive to make HDB homes the most valuable possession they own. In his words:

"85% of Singaporeans are living in HDB flats and we intend to keep the values of these homes up. It will never go down."

This was spoken as the MP for Tanjong Pagar GRC announced the 5 year master plan for Tanjong Pagar which includes upgrading programmes. Since I live in a ...

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