Daily Cuts - Are jumbo flats meant to have jumbo prices?

A $2 million HDB flat in Sengkang was inaccurately marketed as a jumbo flat in a property listing. Another $2 million HDB flat in Toa Payoh was also flagged for being priced way above the market range for similar units in the estate. Nicholas Mak, Chief Research Officer, Mogul.sg tells Andrea Heng and Joel Chua if this has sent the wrong pricing signals for the rare and in-demand jumbo flats, and how valuations are determined and regulated on Asia First.