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Will HDB flats and COE prices break ceiling?

April 21, 2012 - 12:58am

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ST FILE PHOTO

COE prices broke through the $90,000 ceiling this week and an HDB maisonette was sold for $900,000 last December. When will they go past the $100,000 and $1 million mark respectively?

Mr Ron Lim, general manager of Tan Chong Motor Sales, and transport researcher Lee Der Horng of the National University of Singapore, believe premiums may hit $100,000 as early as June as supply of COEs continue to shrink.

But we may not see a million-dollar HDB flat so soon. Mr Chris Koh, of property firm Chris International, thinks it would take 12 years for that to happen, while Mr Albert Lu, of C H Realty, says it may happen in two to three years' time.

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