HDB flats purchased earlier now double in prices

Singaporeans who bought HDB flats in 2007 could get double the price if they put their units on the resale market today. This is a result of good timing and a buoyant resale market which may only happen again after a long time, according to experts.

Strong Demand for flats in Bedok, Bukit Batok, Choa Chu Kang, Bukit Panjang and Woodlands

The Housing & Development Board (HDB) has seen strong demand for the 2,100 flats being offered under its "Sale of Balance Flats" exercise.
The HDB received more than 19,000 applications, just a day before the exercise closes, which means that the flats are nearly nine times oversubscribed. Demand was high for the flats — ranging from studio apartments to executive flats — in estates such as Bedok, Bukit Batok, Choa Chu Kang, Bukit Panjang and Woodlands.

Balance flats refer to those unsold flats in Previous Build—to—Order exercises, surplus flats under the Selective En bloc Redevelopment Scheme, as well as repurchased flats

Current and Upcoming activities inSingapore

1. Population of 6.5 mil by 2050

Average of 43k new population against average 25k new private homes yearly.

2. Integrate Resort

Enhanced position for Destination for Meeting, Incentives, Convention and Exhibition.

3. Double-sized Financial District

Strategy to emerge as Asia Leading Financial Centre

4. Excellent Infrastructure

$23.5 billion investment on MRT and Expressways to link up Singapore

5. Hedge against high inflation of 6-7%

Properties is the best way against inflation.

6. Education Hub

Lauched World Class University Programme

7. Sovereign Wealth

$323 billion GIC and Temasek Under management

8. Formula 1

"One of a kind" night race

9. Medical Hub

10. Bio Fuel Investment

World largest Bio-diesel plant building in Singapore

11. Estate Duty Removal

12. Aerospace Hub