In 1970s till early 1980s, one can buy a 4 room HDB flats for a mere $20K-$30K. They introduced the inclusion of land price some time in mid 1980s and the prices of HDB flats started to climb.
By early 1990s-1995, GCT came up with the Asset Enhancement Scheme which entice Singapore to spend more of their CPF to buy HDB flats. They relaxed the rules on the secondary market for HDB flats. By 1990s, some of the HDB flats were about 20 years old and they started the HDB upgrading.
Find out more at
https://tklcloud.com/Feedback/feedback2.aspx?id=1017
By early 1990s-1995, GCT came up with the Asset Enhancement Scheme which entice Singapore to spend more of their CPF to buy HDB flats. They relaxed the rules on the secondary market for HDB flats. By 1990s, some of the HDB flats were about 20 years old and they started the HDB upgrading.
Find out more at
https://tklcloud.com/Feedback/feedback2.aspx?id=1017
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