One veteran real estate property agent told me this. There are some prospective clients that he finds difficult to convince them to sell his HDB. Don’t get him wrong. He is not the scam sort that tries to scam these folks with “right” theories to sell their HDB flats. The difficulty to him to shift their thinking is this: They bought their HDB flat in very early years and bought their 4 room or 5 room flat for less than $75,000. In this more corrected property rental market, these flats rent for $2.2k/mth (26.4k/yr) to $2.6k/mth(31.2/yr). The YIELD ON COST, which is the gross rental yield on cost of home purchase is: 35%-41%. When they see the yield like that: it reinforce their views that this property should NEVER be sold. To my veteran property agent friend, if you can collect 20 years of rent ......