Are my eyes playing tricks on me? The latest launch at Tampines for the DBSS has hit a new high of $880k for a new HDB. Are such prices affordable to be considered for public housing?
However, from this, I also recalled that some years ago, many were also shocked at the prices of The Duxton, DBSS at Boon Keng and various other developments that were setting new high prices.
Looking back these sky high prices for HDB are becoming the norm and these applicants are mostly in profit even though they purchased it at the then considered high prices. So who are we to judge that the $880k price tag is too high? Who knows what kind of prices they will fetch 8 years (3 years to build plus Minimum Occupation Period of 5 years) from now.
Anyway, I would like to take a different perspective on this issue ......