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Thread: HDB Condo Ratio
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Old 11-11-2007, 11:11 AM
tristan---
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There are many condos now, especially in district 9, 10 and 11 that cost far more than many landed properties. In fact, the record price paid for a condo is about 31 million. It would be wrong for some 1 living in a small landed property in a non-prime district to immediately assume that he's in the top 6.2% as condo units in the prime districts probably cost 2 to 3 times his landed property. A fairly large (3000 square feet) condo unit in district 9 at the current price of 2500 per square foot will be currently worth about 7.5 million. I think that you should consider the district and the sizes of individual condo units before making such generalizations.

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