Sim Lian priced its latest DBSS flats in Tampines at up to $880K for a 5-room designer flat of 108 sqm. Of course the company had to add salt to the wound by claiming its prices were “reasonable”. At least he didn’t use the “aff” word…
The news immediately brought howls of protests from Netizens who slammed Khaw for sleeping on the job and lamenting the possibility of $1M HDB flats in the near future.
The sad thing is that people don’t see these for what they are: HDB’s answer to middle-class Singaporeans and PR’s who want to own condos but can’t afford the real thing.
DBSS is very different beast from the basic HDB flats or even BTO flats which sell at half the price. After all, with condos easily over $1M these days, this is the only way some yuppies will ever get to live in condo-like apartments. Yet HDB gets derided for a scheme to help fulfil middle-class aspirations.
Smart move or dumb move by Khaw? You decide.