Buying a prime-location HDB flat means stepping off the property ladder, for better or worse
IN 2015, it was reported that a four-room Pinnacle@Duxton Housing Development Board flat somewhere between the 34th and 36th floor was sold for S$900,000.
The 95 square metre flat was purchased by a Singaporean couple for about S$340,000 when it was launched under the Build-To-Order (BTO) scheme in 2004.
That represents a compound annual growth rate of about 9 per cent, which comes close to the expected returns of equities. Some suggested at the time that the returns were better than winning the lottery.
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