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

[snapp]

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

 

[snapp]

Ageing flats, shrinking value​

Figures from ERA indicated that there are 299 HDB blocks built in the 1960s, with 24,428 units in total. Most are concentrated in Queenstown, Toa Payoh, Bukit Merah and Geylang, with smaller clusters in Kallang Whampoa and the Central area.

One of the government’s objectives when it launched the public housing programme in the 1960s was to ease overcrowding in the city centre by providing affordable flats in the city fringe area, Mak said.

Most of these 60s-era flats are three-room and four-room flats, statistics from Mogul.sg showed.

Analysts expect these ageing flats to follow the trajectory observed in older private leasehold homes.

According to Huttons’ Lee, prices of 60-year leasehold terrace houses at Lorong 3 Geylang tapered off sharply as their leases came to an end.

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

 

[standarture]

It has always been a game of musical chairs

 

[alex22]

Wlwlsmdwl !

 

[nyvrem]

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

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

 

[MoeLanYong]

Musical chair
Or
Russian roulette

Last one holding it hoseh liao
Your one move can make a whole country laugh

 

[heroking]

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

 

[Sauron]

Don't be the last bag holder

 

[tellim]

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

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

The agent very chek ark if sell to unknowingly buyer

 

[Ethan_]

Erm, asset enhancement 2.0?

 

[heroking]

The agent very chek ark if sell to unknowingly buyer

this agent many 1 star review

 

[Kunkka]

Don't be the last bag holder

Means sell house be homeless,?

 

[coolhead]

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

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

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

 

[herzberg]

No need scare la, gahmen will step in at last min

 

[pwongkk]

Simple. Allow only foreigners/non true blue sinkies to buy the 60 year old flats. Problem solved.

 

[broky88]

Tio Toto - https://stackedhomes.com/sers-singapores-94000-housing-lottery-or-a-bad-bet/#sh.i3gjhz

 

[dambio]

Still can sell back to hdb? Wats tat called again. Lease buyback scheme?

 

[BBClone]

VERS will ensure all resale flats eventually lose their value.

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

 

[KPO_SAHM]

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

Did press interview oldest 99condo??

 

[1 Ghz]

Didn't countdown start the moment the lease was signed?