HDB is no longer 'for the people' but rather, 'for vulgar
profits'. If they can sell the HDB-condo-like apartments for
more than S$700K, what else would they not do just to show huge
profit margins every year end?
S$700K can get you a 1-2 bedroom apartment right in the heart of
the city! I remember the service studio apartment fireman
lived in was sold for A$650,000, and it came with luxurious
finishes, a private, high-security car park spot, security guards,
video intercom to screen visitors, a storage lot in the massive
storage area, and it was right opposite the Crown Casino in
prestigious Southbank! It also had the typical gym, BBQ area
overlooking the Yarra, Swimming Pool, etc etc!
That amount can also get you a really awesome 3-bedroom house in
Richmond, a good, pretty safe area really near to the city.
