Singapore, 26 Jun 2021 SINGAPORE - Two-storey terraces with spacious living areas and mini front porches complete with gates - these sound like private landed properties, but the Housing Board block sign gives them away.
HDB terraced houses - a rarity in Singapore's public housing - have come under the spotlight, following a record sale of a 210 sq m unit in Whampoa for $1.268 million this month, the most expensive HDB resale property to change hands so far.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, said the Government has previously cautioned that not all old flats will become eligible for Sers.
Ms Sun noted that Sers is typically offered to housing estates that are not well utilised and have good redevelopment potential.