Typically, it is known that Singapore HDB flats are one of the cheaper alternatives for a house on the island. Furthermore, the whopping price of RM4.8 million appears to be purchased by an individual buyer interested in purchasing a flat in Toa Payoh. The unit has over 88 years left on its lease.
HDB flat sold for RM 4.8 million
Netizens are stating that they thought the cooling measures set by the Singapore government was working but it seems to be the contrary. However, there are reports showing that the cooling measures are actually working, where prices are still rising but not as much as it was before.
Furthermore, for the most part of Southeast Asia, property values may not reach that high, especially if it was a government housing project. Would you be willing to spend almost 5 million Ringgit on a HDB flat?
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