Property
spanking new hdb flat at $880,000.00?
By Patrick Lim  •  June 17, 2011
when i read this piece of news, my first thought was, u gotta be kidding me, right? but no, that's exactly right!because the prices of the latest flats, centrale 8, released under the hdb's (dbss) or design, build and sell scheme in a central location within a mature estate and in this case, in tampines ranges from $397,000.00 (for a 3 room flat) to the top price of $880,000.00 for a 5 bedroom unit.for the same price or $750.00 per square ft, the buyer can also consider getting a private property in pasir ris or flora road where the properties are going for approximately $750.00 to $800.00 per square ft.my comments: i remember being offered a 4 room hdb flat at bedok in the early 70s at a mere $19,500.00 only. fast forward to present day, a 4 room flat at ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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