SINGAPORE (June 11): Mr Yeo, whose wife gave birth to twins late last year, is in the market for a condominium within a 15-minute drive of his inlaws’ home. He thinks private property offers better long-term value compared with public housing. In fact, HDB flats in mature estates such as Bishan, Serangoon and Toa Payoh are near their peak valuations — which means there is limited appreciation potential. “It’s near the $1 million mark already. Most people won’t pay $1 million for an HDB flat,” he tells The Edge Singapore.

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