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Furthermore, although this website was zoned as business, it should little question have knock-on effects on land valuations of residential property, together with land transferred to the Housing and Development Board (HDB) for public housing. Already, it's believed — and the federal government, in its refusal to reveal details, has not stated in any other case — that more than half the selling value of a ninety nine-year leasehold of an HDB flat actually consists of notional land value alone.
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