So the buyer already said fair priceLast year, Ms Siah Yuet Whey bought a Housing Board flat that is older than she is.
She is 28 years old. It is 44.
This means that she will most likely outlive its lease - which runs out in 55 years. She will be 83 then.
That did not stop her and her husband, 31, from paying more than $700,000 for the three-room unit in Jalan Ma'mor, in Whampoa.
"It is a rare terraced unit in an area with a lot of character, and it does not feel like it is very old at all. We think it is a fair price," said Ms Wong.
sauce:http://www.straitstimes.com/singapo...-high-prices-for-old-flats-face-reality-check
Queenstown got some old hdb terrace asking about 1 mil
Who wants to buy. quickly go
She got it for a steal. It’s better than a fair price.
Two things can happen.
First, her house gets SERed, so no loss to her.
Second, the lease on her house will run out and HDB will take it back in 55 yers time.
Between now and 55, nothing stops her from buying a condo and renting out this 3-room TERRACED UNIT, Given the size of the flat and that it is landed, I’m sure it can easily be rented for $3000, if not more. AMDK in particular love to rent these landed properties
Without taking into account inflation, she can collect $3000/mth for 50 years. Good deal? Hell yeah.
why cannot loan? u know the hdb rules or not one har?Was wondering how they get the loan for a 31 and 28 years old and the leases is left only 55 years.......
Last year, Ms Siah Yuet Whey bought a Housing Board flat that is older than she is.
She is 28 years old. It is 44.
This means that she will most likely outlive its lease - which runs out in 55 years. She will be 83 then.
That did not stop her and her husband, 31, from paying more than $700,000 for the three-room unit in Jalan Ma'mor, in Whampoa.
"It is a rare terraced unit in an area with a lot of character, and it does not feel like it is very old at all. We think it is a fair price," said Ms Wong.
sauce:http://www.straitstimes.com/singapo...-high-prices-for-old-flats-face-reality-check
Was wondering how they get the loan for a 31 and 28 years old and the leases is left only 55 years.......
83yo then re-interview better? no?
no need wait until she is 83 yrs old.
re-interview her in 10 yrs time and both will be crying
still can get 80% loan, but only 18 years loan period.
forever bro the meimei only 28yo, lease bal 55. 83yo, she go wher stay?
why they should cry ? " unless they though will get en block ? I already mention en block is actually not a good thing either "
perhaps they buy is to Stay till they RIP ...since these type of public housing is rare now .
so is ok
700k for this
compare to new BTO flat mature area ..is different thing as I have mention is a public terrance house.
similar for Jumbo flat .
still can get 80% loan, but only 18 years loan period.
forever bro the meimei only 28yo, lease bal 55. 83yo, she go wher stay?