If there’s something different between my parents’ generation and mine, it’ll be the prices of the Housing Development Board (HDB) flats.
I would always remember how HDB flats came with a 5-figure price tag back then, and wonder how amazing it would be if it could be the same now.
Why did our flats increase ten-fold in prices, but not our paychecks?
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Over the years, HDB flats have evolved from being just a place to stay to become an investment asset.
After seeing the allure of the profits from property sales, many may have considered scouring for flats that could potentially fetch high prices.
With million-dollar HDB flats making up 0.3% of total resale transactions this year, making good money off your flat sales still seemed like a possibility.
In fact, the number of million-dollar flats has increased by over 30 times over the past 8 years....