Property Picks Record $1.418 Million Dollar Dawson Flat: Was There Really Any Better Alternative?

  • July 13, 2022
  • 9 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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High ses warrior
High ses warrior

It’s not really a fair comparison to use 1.48m as the benchmark price and find condos which are similarly priced – apples and oranges really. I’d think most buyers would gladly build in a condo premium of at least 20%, which gives you 1.8m and a lot more room to play with.

Stacked Homes
Stacked Homes

Hey! Thanks for your feedback. We’re more or less addressing those who chime in that at this price, you can get a condo. So we wanted to see what the alternatives are. But of course the individual buyer may have more firepower to afford a $1.8 million dollar condo.

Kevin
Kevin

My main concern will be about gentrification of such estates, essentially pricing them out of the reach of most Singaporeans. It is almost certain that in the coming few years, the average transaction prices for these few developments in Dawson will be around the million-dollar mark.
I feel that HDB needs to have a deep think about what is its main purpose: to enrich the lucky few who managed to get the flats, at the cost of society in general?

Stacked Homes
Stacked Homes

Hey Kevin, there’s definitely merit in what you said. But if prices were not this high, there’s also a question of who can stay in these areas too – would it be back to balloting then? Then there’s the question of how we decide who gets to stay where too.

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