in Today (today)
somehow.... everyone's convinced that hdb flats... can only price up.... and not price down.
But Mr Chris Koh, Dennis Wee Group’s vice-president, said there is a
threshold as to how far prices can go down. Noting that some private
projects are advertised from as low as $450,000, anything beyond that
would "go against all fundamentals", as that would match prices of
five-room HDB flats and executive condominiums.
facing up to "reality" or the
or the question we should be asking is.... if private developers can sell at 450k, what gives the hdb flat pricing?