Mind you, not all Singaporeans are as lucky. There is a minority of us who are played out by
HDB!!!! I am forever angry to be one of them.
We bought a design and build executive flat direct from
HDB in 1996 at $425k (outskirt), no 1st timer grant, waited 3 years for it to be built. Meanwhile, bought a resale 3 roomed
hdb flat for $160k, stayed for 3 years and forced to sell at a slight loss when we took possession of our new flat and shifted in 1999.
The resale price of comparable units at our development were as low as $330K through the years and are now around $530k. Valuation had been done by
HDB approved valuer.
Why? Why? Why!!!!!! It has been more than a decade. I have no answer!!!! I brought up once, many years ago when my MP came knocking at my door, house visit. Apart from smiling at me, no answer, no reply, just look a little bit surprised at the high price we bought the house direct from
HDB.
Why? Still so angry!!!!!