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HDB ethnic quota: Tough sell for owners of minority race
Smaller buyer pool leaves some with below-average resale prices
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Mr R. Sivanandam , 72, is asking for $720,000 for a five-room flat in Bishan Street 13, a good $50,000 below the average resale transaction price of five-room units in his block over the past year.
ST PHOTO: ALPHONSUS CHERN
Yuen Sin
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When account director Vijeshwariee Yoganathanput her five-room flat in Redhill Road up for sale in October last year, she thought she would have no problem selling it within a few months, given that it was opposite an MRT station and on the 26th storey.
However, after 10 fruitless months, only one offer came in.
