Thursday, July 30, 2009

S$264,000 for a 4-room flat at Punggol???

This article from CNA (HDB launches another BTO project in Punggol - Posted: 30 July 2009 1300 hrs) just blew my mind ...

Prices range from S$264,000 to S$322,000 for the 4-room flats and from S$344,000 to S$409,000 for the 5-room flats.


Are you kidding me? My Duxton Plains apartment at $330k already has me really worried about the loan mortgage ... what in the world makes them say the following without cringing?

HDB said these prices are below those of similar flats in the market and are affordable to first-time flat buyers.


Why would anyone pay these kinds of prices all the way out in Punggol? I must be getting out of touch with how expensive Singapore has become ...

3 comments:

Fievel said...

No Chee Wai, you are not out of touch with Singapore, you are just out of touch with our "leaders" and their leadership.

Government has been saying Punggol is the next best place to be, they also said Jurong is the next next best place to be...talk, unlike HDB, is cheap.

Chee Wai Lee said...

"talk, unlike HDB, is cheap." I like that :)

Well, barring speculation, we'll just have to see if the public buys into this nonsense ... the last time "Punggol 21" was played up as "prime real estate" in the 90s, it ended up like Suzhou.

Fievel said...

Hi Chee Wai, how do I PM you? If you want to, you can click on 'contact me' on my blog to send me a private email...thanks..