Rising HDB resale prices to pose tough questions

Singapore

A FIVE-ROOM Housing Board (HDB) flat in Bishan in July smashed the record for the most expensive HDB that has changed hands - a record that was hit just in June.

A 120 square metre unit at Block 273A Bishan Street 24 in a Design, Build and Sell Scheme project called Natura Loft was sold for S$1.295 million just last month, beating the last - and short-lived - record of S$1.268 million. The high-floor unit offers the buyer around 89 years on its remaining lease.