This sinkie still refuses to accept that HDB flats are affordable

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This sinkie still refuses to accept that HDB flats are affordable

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19-06-2013, 03:10 AM

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This sinkie still refuses to accept that HDB flats are affordable

An honorable member of the Coffee Shop Has Just Posted the Following:

How are prices of new flats derived?

Published on Jun 18, 2013

LAST week, I accompanied my mother to select a flat and I was astounded by the prices of flats.
A four-room, 85 sq m unit in Clementi cost nearly $500,000.

I wonder how an average person and the younger generation can afford these flats.
Does this mean all Singaporeans will have to take a 30-year loan to repay the cost of their flats?

Can the relevant authorities explain how the prices of new HDB flats are derived?
Tan Kah Hong

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