News @ this hour| Time is running out for 299 blocks of Singapore’s oldest HDB flats as prices flatten and demand slows

[Shion]

all become ZERO once reached 99 years

 

[Anghtj]

all become ZERO once reached 99 years

HDB will take back and refurbish it then sell again with new 99 years lesse

 

[Tom Sawyer]

When the RTS link is in operation, the days of high value old flats might be gone...

 

[CCCustom]

The agent very chek ark if sell to unknowingly buyer

this agent many 1 star review

This agent is the boss of Homeseller

How to many 1 star review when there are only 8 reviews? Which is really odd given he’s supposed to have sold hundreds and hundreds of properties?

 

[Kiwi8]

Nearly 300 blocks of Singapore’s oldest Housing & Development Board (HDB) flats are entering the final 30-year stretch of their 99-year leases – and data points to a shrinking resale market and flattening prices for these ageing properties.

Asking prices and resale values for the first HDB flats built in the 1960s have held up as the resale market on the whole continued to rise, especially over the last five years. But set against the broader market and compared to valuations, the picture is less rosy.

Continue reading: https://www.businesstimes.com.sg/pr...est-hdb-flats-prices-flatten-and-demand-slows

VERS seem more like a scam leh.

 

[coolmyth]

if seller manage to sell this, really is strike mini toto

https://www.propertyguru.com.sg/listing/hdb-for-sale-43-stirling-road-25381203

See how this owner keeps holding onto the bag jin song siol!

 

[marshalTan93]

 

[coolhead]

What if you blink first?

Means the owner iron teeth, don't want to sell the flat at a lower price to let go.

 

[Kanko San]

This is a very easy problem to solve actually. Instead of lease buyback, implement a lease sale instead. Now left 30 years lease tio bo. Then HDB can offer to sell additional 20 years lease then the flats will have 50 years lease now right?

Can the flat really withstand 99 years ???

 

[orwell76]

HDB $0 value after 99 years is a good policy

 

[wongwings]

Why need to worry for them? Quite sure >90% of the owners have fully paid up their flats and have been staying for 'free' for decades

 

[rider83]

For a flat with remaining lease of 30 years, to calculate the valuation, lets take the monthly rental of such unit at $3000

$3000 x 12 mths x 30 years = $1.08M

The selling price the owner ask for, it is cheap cheap cheap!!!

 

[anchoraz]

Mostly those passed away. Hdb buy back and rent to those workers jus like commonwealth 10 storeys till the leftover years. Then tear down.

 

[snapp]

VERS seem more like a scam leh.

 

[buffybuffy]

circuit rd those colorful block is a big area
alot of poor ppl if no flat to stay how?
TPL can help them?

Druggies and vapist hiding ground?

 

[hachi]

This is a very easy problem to solve actually. Instead of lease buyback, implement a lease sale instead. Now left 30 years lease tio bo. Then HDB can offer to sell additional 20 years lease then the flats will have 50 years lease now right?

No, I rather have lease buyback to HDB and opt for first timer selection of BTO around the estate or adjacent estate to slowly move out. Within 30y should clear the block.

 

[hachi]

HDB will take back and refurbish it then sell again with new 99 years lesse

Rebuild better.

 

[dgeralds]

Means the owner iron teeth, don't want to sell the flat at a lower price to let go.

If let go o lower price still be needs to buy another at higher price. If he loves the place it is better for him to stay until end of lease...

 

[nothopingtogether]

Nearly 300 blocks of Singapore’s oldest Housing & Development Board (HDB) flats are entering the final 30-year stretch of their 99-year leases – and data points to a shrinking resale market and flattening prices for these ageing properties.

Asking prices and resale values for the first HDB flats built in the 1960s have held up as the resale market on the whole continued to rise, especially over the last five years. But set against the broader market and compared to valuations, the picture is less rosy.

Continue reading: https://www.businesstimes.com.sg/pr...est-hdb-flats-prices-flatten-and-demand-slows

This is the beginning of the bubble. Looming

 

[matrix05]

Nice work. Fear mongering to soften the ground, come 2030, offer VER, a success.