The latest launch of DBSS flats in Tampines is looking quite good with comments from those interviewed that the prices are reasonable and affordable. 3 rm units cost between $400k to $500k, 4 rm from $530k to $680k and 5 rm units from $685k to $880k. Though the prices are comparable to some private developments, all those interviewed have only good things to say about them, good location and good facilities to justify the price. No one is complaining about not being able to afford them.
I think they will sell very well. And those interviewed are relatively young people. I am really impressed by the number of young people who are doing so well and find spending $600k to $900k for a flat affordable. Don’t expect HDB prices to come down when people have no problem paying for such flats. This is the best confirmation that property prices will remain solid like rocks.
There is no need for Boon Wan to raise the $8000 ceiling. Maybe those interviewed have combined income of $15k or more.