news of da day:Private property prices register steepest drop since 1975

in Today (today)

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.

somehow.... everyone's convinced that hdb flats... can only price up.... and not price down.

facing up to "reality" or the says so?

or the question we should be asking is.... if private developers can sell at 450k, what gives the hdb flat pricing?