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The Biggest Myth About HDB Pricing in Singapore

Many Singaporeans believe HDB prices new flats by adding together land costs, construction costs, and a profit margin—but that’s one of the biggest myths in Singapore’s property market. In reality, HDB prices BTO flats based on affordability, using comparable resale prices, household incomes, and government subsidies to keep homes accessible. Learn how HDB’s pricing framework really works, why land and construction costs don’t directly determine flat prices, and what this means for buyers, sellers, and homeowners trying to understand property values.

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