Does HDB upgrading drive up prices of flats?

☃® SG

what do u think?

Rednano SG

lan jiao lah...

ur economics subject fail sia...

no wonder u r getting paid a low salary of $1200/ month...

just ask any property agent...

its the buying and selling prices of hdb resale flats in the resale market that determine and affect the hdb new flats built...

and its the newly permanent residents (PRs) that constitute more than 40% of the buyers in the hdb resale market..

they r the one spolit market the hdb market

☃® SG

lan jiao lah...

ur economics subject fail sia...

no wonder u r getting paid a low salary of $1200/ month...

just ask any property agent...

its the buying and selling prices of hdb resale flats in the resale market that determine and affect the hdb new flats built...

mr smart a22, HDB prices its flats with market approach based on amenities, facilitites ect.. and not cost price approach. And ya resale flats are th eones which get upgraded and they do drive up the price of new flats..

Rednano SG

market approach base is used by property agents selling the flats for advertisement, not by direct selling by hdb itself...

☃® SG

market approach base is used by property agents selling the flats, not by hdb direct sell...

HDb direct sell condo style flats?. What abt them?

Rednano SG

thats the DBSS scheme

read for more info: click here

Would Design, Build & Sell Scheme (DBSS) flats be affordable to HDB flat buyers, especially young first-timers, since private developers, being profit-oriented, are likely to target the higher-end market?

Private developers need to price their DBSS flats realistically to take into consideration the target market – those who meet the income ceiling and other eligibility conditions for HDB flats as well as the prices of both new HDB flats developed by the HDB and resale flats.