HDB prices up 8.1 per cent from a year ago
If you bought your HDB flat a year ago, congratulations because you are on paper 8.1% richer!The 2009 4th Quarter results from HDB is out, rising 3.9% and beating earlier flash estimates by 0.1%. This brings the year-on-year increase to 8.1% and the resale index to an all time historical high of 150.8.
The median Cash-Over-Valuation was S$24,000 over the last quarter, with over 93% of flats selling with COV.
Ladies and gentlemen who hail from HDB dwellings, when you are on your way home tonight, remember to buy a bottle of champagne or flowers for your family. After all your biggest asset has made you 8.1% in a year, more than any fixed deposit in Singapore can dream about. If your flat was worth 300k a year ago, you "earned" 26k!
Oh...that is unless you have yet to buy a flat to call your own.
Your champion complaints welcome here.
Via HDB and Channelnewsasia.
image: HDB
Posted on 22-01-2010 17:02 | By Francis
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