Originally posted by dragg:
how and why can they do it?
wont the release affects the resale prices of 5 room flats?
now mostly by walk-in selection...used to have plans for private developers to take over some of the blocks/units but the plan fell through...
its not fun for HDB to hold on to so many 5-room flats...especially when they are concentrated around certain areas...HDB have to account for the surplus every year to Accountant-General's Department.
whether the release would affect the resales prices or not depends on the location of the resale unit and so on...