Property
Should HDBs be Sold at Cost Price?
By Alpaca Investments  •  July 4, 2020
I felt that this would be an appropriate time to write about the issue of HDB prices, as housing affordability is a huge concern of the general population, given that around 80% of us live in public housing. This is a rather radical idea, and I wanted to provide a balanced view on the practicality of this idea. Firstly, there may have been a long-standing misconception that “HDB prices would keep appreciating”, perhaps due to the words of certain prominent figures in the past. But now, it is clear that we would be foolish to think HDB prices would appreciate forever, as ultimately, they are sold on 99-year leasehold titles, which means that they would be returned to the state with zero compensation once the land lease expires. In fact, earlier this year, 191 units in Geylang were returned to the state with zero compensation when their 60 year leasehold titles expired....
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By Alpaca Investments
I'm currently an undergraduate studying accountancy in one of the local universities. My ideal career would be either in private equity or venture capital, as the analytical process involved greatly interests me. I believe in working hard, while concurrently putting our money to work. I currently have a low five-figures portfolio, accumulated from working part-time jobs, my National Service allowance and my savings.
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