In Singapore's recent General Elections in May 2011, various issues on public housing were raised (i.e. the long waiting time as well as the high prices). As the topic on public housing is something very close to many Singaporeans' hearts, I thought it would be relevant to write about whether new Housing and Development Board (HDB) flats can be sold at lower prices.
Before I go further, I would like to highlight that, unlike the private property market, HDB does not release historical prices of new flats; the HDB website only releases information on the resale flat market. As such, there is no historical data to draw any direct conclusion from, and much of my views are substantiated by circumstantial and anecdotal evidence extracted from press releases, annual reports, etc. Full story
