Thursday, January 12, 2012

HUDC flats: Still in demand

Straits Times: Thu, Jan 12
AGAINST a backdrop of cooling measures and caution in the property market, flats in HUDC estates continue to draw interest from buyers who value their expansive size and potential for a collective sale windfall.

Resale prices have risen steadily and could soar higher if an estate is privatised, said experts.

A fresh record was set for a 1,668 sq ft unit last month at an HUDC estate in Shunfu. It sold for $1.22 million or $730 per sq ft (psf). The previous record in the estate, which is undergoing privatisation, was set two years ago at $1.1 million...

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