Houses Bubble

9,865 applications received for 1,718 BTO flats in Dawson,
2,000 applications for 200 5-room BTO Dawson flats costing more than $500K screamed the main headlines.





Pity the present gen x who are now paying an arm and a leg for SkyVille@Dawson and Skyterrace@Dawson which are public flats.
Five-room flats, which cost over half a million Singapore dollars, while the four-room version goes for over $400,000 !
For that money, one can get a decent 3-room condominium in the outlying suburbs.
But then who want to miss the chance to live at Orchard Road doorstep?

The older generation who bought the enbloc flats in the same vicinity are lucky though, paying $400,000 for 5-room units. They will be moving in this year.