Consider a 111 sqm or about 1195 sq ft HDB flat in pine close selling at $600,000. It works out to be $502psf. The larger 1227sq ft private apartment at grandlink square is only selling for $489 psf!
There are 2 possible scenarios, intuitively:
1) The grandlink apartment is under priced, as it has a lot of sleazy pubs at ground floor. It is in geylang and loans can be a problem. Interest rates will definitely be high. Rental to families virtually impossible. Bachelor would not want to rent a large place to stay either. MRT is nowhere near.
2) HDB is over priced, despite walking distance to Aljuned MRT, near old airport road eateries and stadium.
At this kind of cheap pricing, grandlink square apartments may well be the cheapest freehold apartment in
Renting out grandlink apartments are perhaps a headache. Your tenants might be in the flesh trade and your apartment may evolved into a boutique hotel.
Everything is priced for a reason, buyers beware.