Commentary: The million-dollar flat narrative only serves to play games on the minds of people
Business
Despite the attention-grabbing headlines, million-dollar HDB flats make up only a minority of total resale transactions, says Woo Jun Jie of the Lee Kuan Yew School of Public Policy. SINGAPORE: Mention the words “ million-dollar flats ” in Singapore, and you’re bound to spark a heated debate. In July, a five-room Housing and Development Board (HDB) flat in Margaret Drive reportedly sold for a recording-breaking S$1.73 million. This coincided with data by real estate analysts showing that the
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