DBSS: Market Eats it Up and Asks for More!

Seems like the market is taking to the DBSS scheme. The turnout for the CityView@BoonKeng was incredible according to reports all over the internet. There were over 8000 visitors in just a few days and the prices for the units are up to $730k for the 40 storey units.

Heres a word of warning: while the market is lapping it all up and asking for seconds, this might only be seasonal as these might be enblocced citizens using their childrens name to buy a cheap home - resale a few years down the road might be difficult in a cold property market.

I can't say that Cityview@boonkeng is a bad location though. real close to the new mixed development at beach road.

730k Madness Along East Coast

Life from a sucker's point of view. Source: The Straits Times

Now someone should really come up with a list of suckers who pay these record amounts for HDB flats.

While I understand how 'clever' it is to downgrade to a HDB and 'ride out the Property Bubble' after collecting your enbloc loot, paying an amount that no one else will ever again for the same flat defeats the purpose!

In honor of such suckers, I shall add a new blog tag - HDB Suckers.