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Wednesday, January 6, 2010

Improve transparency of prices of new HDB flats

The HDB (i.e. Government) should improve the transparency of the prices of new HDB flats. This can be done as follows:

(a) Publish the prices of new flats offered for sale
(b) Publish the prices of new flats purchased in recent years, with details of locations, size, floor level and other relevant factors
(b) Publish statistics on the average price of new flats by location, type and size.

This will set a good example to the market, of providing transparent information for the buyers to make an informed choice.

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