HDB flats are still nest eggs for retirement needs: Lawrence Wong

Singapore

LEASEHOLD properties are still a good store of asset value, so long as you plan ahead and make prudent housing decisions, said National Development Minister Lawrence Wong in a Facebook post.

This is a follow-up to his cautionary note on March 24 on the high prices of older Housing Board flats on the resale market, which generated discussions and debate over the 99-year lease, he said.