inSing.com, 17 Sep 2012Another new record in the property market surfaced today.
A maisonette along Shunfu Road was sold in July for S$1.28 million to a Singaporean – creating a new record for a HUDC flat.
Introduced in the 1970s, for those in the middle-income bracket who could not afford private property, HUDC flats are well known to be spacious. The government stopped building them in the late 1980s.
The HUDC estate in Shunfu is undergoing privatisation at the moment. Full story
