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Sell my HDB flat for over $1 million? No thanks, I’ll pass
The writer asks herself: Is upgrading to private property really all that lucrative?
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Is there a need to keep chasing that dream home in a coveted location when there is no guarantee that property will forever remain a safe store of value?
ST PHOTO: CHONG JUN LIANG
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SINGAPORE - When my 936 sq ft Housing Board four-roomer in Boon Tiong Road reached the minimum occupation period (MOP) in December 2024, a PropertyGuru check showed that ambitious neighbours in my block were listing their flats for between $1.26 million and $1.28 million.
This was after four flats in my block had transacted at between $1 million and $1.21 million in the past year. Someone paid a little over $1 million for a unit located between the first and third floors, with 90 years and four months left on the lease, in October 2024.
