Khaw Boon Wan on $1 million dollar HDB flat: ‘Fantastic’ views will always fetch ‘fantastic’ prices
Posted by temasektimes on September 9, 2012
The shocking news of a HDB flat fetching a record high $1 million dollars has left many Singaporeans dumb-founded, but National Development Minister Khaw Boon Wan seemed to think otherwise and urged Singaporeans not to be ‘traumatized’.
Speaking to queries from the state media, Mr Khaw remarked in a nonchalant manner:
‘There will always be units with fantastic views that fetch fantastic prices….More important is the larger picture.’
Mr Khaw was commentong on the sale of the executive maisonette in Queenstown which was sold to a PRC new citizen for $1 million dollars including a cash over valuation (COV) of $195,000.
News of a Housing Board flat being sold for a record $1 million may be swirling, but National Development Minister Khaw Boon Wan urged Singaporeans not to be “traumatised”.
“Are prices affordable generally for most units? I think we have largely achieved that in the last few months with the pricing of the new Build-to-Order flats,” Mr Khaw added.