Recently stumbled upon such a news which had me wondering whether HDB doing their part in building more HDBs since the government has always encourage couples to start their own family and born rates etc etc....
"The latest BTO project in Punggol is 6 times oversubscribed a day after it was launched, a sign that the present supply of public housing is far inadequate to meet rising demand.
The prices of HDB resale flats continue to sky-rocket, rising 3.8 per cent to a fresh record in the second quarter compared to the first quarter based on preliminary figures released by HDB.
The Straits Times reports today that property analysts have revised their estimates for resale flat price rises to between 12 to 15 percent.
The astronomical prices are caused partly by the shortage of new flats and rising demand fueled by the relentless influx of foreigners.
Slightly more than 11,000 new flats were built between the years 2006