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

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'. Print Edition | Subscribe