Demand for BTO flats in Toa Payoh and Tengah has surged, with November's launch recording the highest application rates since August 2022. Yet HDB resale prices have dipped, even as private home prices continue to rise. What do these contrasting trends mean for Singapore homebuyers, and is upgrading from an HDB flat to a condo still worth it?  Lance Alexander speaks with Ivan Cai, Chairman, Crestbrick to explore why some prime-district properties are selling at a loss, whether freehold homes are better investments than leasehold ones, and how location and MRT accessibility affect property values.