It is matter of time that ppl will pay a million dollar for a 99-yr HDB flat even in a suburb. It is about supply and demand and our populace getting richer. It is silly to compare just airspace and landspace. Location is an important factor. A million SGD buys you nothing in Hong Kong. I can build a fantastic mansion in a Sahara desert, even it is freehold, nobody will buy, believe me. Pls don’t condemn those buyers paying his million for it. It is because you feel it is not worth it as you are a poor man. Whereas he has a few millions to throw, why not? Same envy of someone driving a Lambo!
