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

[Shion]

Straits Times, 12 April 2017

 

[Godeau]

VERS will ensure all resale flats eventually lose their value.

No one will know the exact margin of safety to purchase one.

No one in their right mind will purchase one. If you're old and alone, you would rather buy a 2 room flexi. At least it's new and less/no reno required. If you're young, you wouldn't touch old flats either. Outlive the flat + lease decay makes purchasing it pointless.

 

[buttbERry]

just do rental?

 

[Newtype_com]

No one in their right mind will purchase one. If you're old and alone, you would rather buy a 2 room flexi. At least it's new and less/no reno required. If you're young, you wouldn't touch old flats either. Outlive the flat + lease decay makes purchasing it pointless.

I can only think of less wealthy PRs looking to buy such older HDBs

just need to think in terms of paying monthly rental

Problem is how to fork out the huge initial lump sum payment

 

[Firstclass1188]

It has always been a game of musical chairs

More like passing the parcel, last one holding gets a booby prize.

No one in their right mind will purchase one. If you're old and alone, you would rather buy a 2 room flexi. At least it's new and less/no reno required. If you're young, you wouldn't touch old flats either. Outlive the flat + lease decay makes purchasing it pointless.

Old and alone buy new 2 room flexi and move to Tengah? I think many would rather die in Boon Keng / Kallang where everyday is like a staycation in the city.

 

[PikaPika33]

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

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

200k mmax i might consider

 

[hardwriter]

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

PAP will save us.

 

[qhong61]

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

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

Terrace house

 

[qhong61]

The agent very chek ark if sell to unknowingly buyer

Buyer may be downgrader who don't need to pass on to descendants.

 

[archie7]

govt will never be on the losing side

 

[nasfieldjohn]

Papies not charity
Use yr pigu think lor

 

[The_Davis]

I will look at the house owner in the eye and see who blinks first.

What if you blink first?

 

[Kanko San]

Later when All the old estate, together turn 90 years, like AMK, Bedok, TP & Tampines, where they go to stay.

Please stop FT n PR come on too Much.

N don't keep clearing our green land to build for them

 

[Anghtj]

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?

 

[mickey88]

Tat y no more SERS..purposely one so dun need to give 300 over flats for nothing

 

[Roundtreex]

In a edmw crash thread yet again while property price surge again

 

[OutBreak]

In a edmw crash thread yet again while property price surge again

They are waiting for fire sales.

 

[waiken]

gov keep kicking the can down the road, so what drastic measures they can do?

 

[Mecisteus]

Asking prices and resale values for the first HDB flats built in the 1960s have held up

That's quite good isn't it ?

Can hold prices is better than plunging prices.

 

[SecretAgent]

Rent out till the last breath lor!