Thinking Aloud

The twists and turns of HDB flat values

The Vers scheme will help renew housing estates, but let's hope it does not cause another price spiral

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When Prime Minister Lee Hsien Loong announced a new scheme to redevelop old Housing Board flats, a friend texted me this message: "A U-turn looking straight!?"

He had called it an about-turn because the Government had given the impression it would not extend the 99-year leases of HDB flats when they reach the end of their leases.

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A version of this article appeared in the print edition of The Sunday Times on September 02, 2018, with the headline The twists and turns of HDB flat values. Subscribe