Friday, September 26, 2008

HDB - subsidized or speculative?

Priciest flats go on sale
FOR sale: the most expensive flats ever released by the HDB.

They are the remaining 111 five-room units at the iconic 50-storey Pinnacle@Duxton in Tanjong Pagar, which is due to be completed this year.

Prices start at $545,000 and go up to an eye-popping $645,800 for a 49th storey unit, making them Singapore's costliest new flats by a long shot. Forty-four cost more than $600,000.
Sep 27, 2008 Saturday
Updated 2.01 pm

the gov are supposed to provide "affordable" HDB flats. just look at the ridiculous prices. are HDB flats really being subsidised at such exorbitant prices? or it is the intention to speculate such value to spiralling high prices?

where does that leave us with our CPFs for retirement??

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