Your view is supported by none other than Minister Mentor as reported in The Straits Times on 7 Nov 2011.

"Don't sell your HDB flat, Mr Lee tells resident. Former PM gives advice during visit to Sers project in Holland Drive.

Mr Lim bought his new flat for just $380,000 - a subsidised price for residents under the Selective Enbloc Redevelopment Scheme (Sers). His old flat had cost him about $165,000.

The Sers project rehouses residents from six old blocks near Holland Village in four new high-rise blocks in Holland Drive.

Yesterday, Mr Lim had words of advice from none other than former prime minister Lee Kuan Yew, who visited him in his flat in the early evening.

'He told me, don't sell. The price will go up,' Mr Lim told The Straits Times."