You aren't getting my million-dollar view

You aren't getting my million-dollar view

Sell my HDB flat for $1 million?

No way. Not even for $3 million.

That's what one resident at the Pinnacle@Duxton claimed when The New Paper asked her if she would sell in two years' time, when her flat reaches the five-year mark.

And that was the general sentiment of 10 people living there.

But it's possible they will change their minds in 2014 when their flats can be resold on the open market.

Some HDB flat owners in other areas have cashed in recently by selling their homes for record prices.

When news of the sale of the first $1 million executive mansionette at Queenstown broke, National Development Minister Khaw Boon Wan assured Singaporeans that HDB flats were still affordable.

But he acknowledged that there would be "many millionaires" when the HDB flats at the Pinnacle@Duxton enter the resale market.

It is the first 50-storey project in Singapore and consists of seven blocks, with a total of 1,848 units.

But eight out of 10 residents interviewed by TNP last week were reluctant to sell their flats.

Foodstall owner C.M. Foo, 54, said she wouldn't sell her flat even if someone were to offer her $3 million forit.

She and her businessman-husband, Mr Foo Soo Lim, 57, bought the five-room flat on the 49th storey, the highest living level on the block, for $450,000 in 2004.

There is a sky garden on the 50th storey.

They live there with their 11-year-old daughter and Mrs Foo's 86-year-old mother.

Purchase this article for republication.

BRANDED CONTENT

SPONSORED CONTENT

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.