[maxsanic]

Commentary: Why buy a S$1 million HDB resale flat instead of a private condo?
https://www.channelnewsasia.com/commenta...ce-2753151

I don’t think there’s anything mysterious about the whole thing. On a like for like basis, if one wants a similar location and square area condo, a private condo would have cost about 2 – 3x of the HDB.
 
If their budget is only  ~$1million, that same budget would have only gotten them a 70+ sqm condominium in a lousy location.