About a year ago, in a special report, I waded into the debate over the affordability of public flats.
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The prices of Pinnacle@Duxton’s five-room units, which hit $645,000, sparked the debate on the affordability of Singapore’s public flats. — ST PHOTO: CHEW SENG KIM
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The issue had been sparked by the relaunch of Pinnacle @ Duxton last September. With prices of its five-room units reaching $645,000, the Pinnacle has become Singapore’s costliest public housing project.
At that time as well, condo-style flats under the HDB’s Design, Build, and Sell Scheme (DBSS) were going for over $700,000 for the bigger units.
Indignant home buyers flooded The Straits Times Forum with letters on what they saw as an ‘upwards price spiral’ of HDB flats. Netizens also weighed in. Continue reading
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