Last week, a Housing and Development Board (HDB) executive flat in Queenstown was sold on the resale market for a new record price of S$1 million, the first time that the magical number was achieved for public housing. The deal broke the previous record reached only a week earlier, when a Bishan executive maisonette was sold for S$980,000. While the price tags may have raised eyebrows, it was a long time...
Valuation
IT HAS been the practice and requirement that an HDB valuation report is obtained for the sale of an HDB flat. Most buyers are not aware that they do not have to pay for it. The sellers or their property agents have commonly pushed this cost to the buyers. It is neither an HDB policy nor guideline that the buyer must bear the cost of the valuation report. It is entirely between the seller and the buyer...