Price boost for 'limited edition' executive maisonettes
Experts say value will go up as HDB will not be building new ones
Published on Oct 22, 2012 6:00 AM
The Government's reiteration that it will not build new executive maisonettes will further boost the prices of such "limited edition" units, said analysts.
These large, two-storey flats have become highly sought-after in the last few years due to a growing price gap between Housing Board flats and private property, and a wave of collective sales that have thrown up cash-rich buyers looking for big spaces.
Some flats in neighbourhoods like Bishan have made headlines for fetching record prices. This year, four of the eight units that broke the $900,000 threshold were executive maisonettes.
HDB stopped building these homes, which range in size from 138 sq m to 243 sq m, in 1995. There are 65,000 executive flats altogether, of which executive maisonettes form one group.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here