Aging HDB Flats - Can Buy or Bye Bye?

Рет қаралды 13,272

Күн бұрын

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@choonsengteo9694 21 сағат бұрын

Agreed, l think the same. VERS only for places that can fetch very high value. Compare here and there, HDB is very cheap even cost million or more. Records for us and put KZbin, free for us, can?

@alanweeproperty 15 сағат бұрын

KZbin free? Sorry. I don't get u.

@lancelim6301 Ай бұрын

Bro, you forgot there's a 3rd option - rent out and run the lease to the ground. Say a 35 year old couple bought a HDB Maisonette near Tampines MRT for 1 million. They can easily rent out 2 rooms at 1.2K per room which is 2.4K per month multiply it by the remaining lease of 59 years. They will still not lose out as rental income will be more than 1.5 mil. Yes by then 500K may not get a new replacement housing (thats if both are still living at 94 lol)

@alanweeproperty Ай бұрын

Agreed. Hdb command good rental yield

@steventay5834 4 ай бұрын

If I am old, say 70, I will buy a 3rm old HDB flat, and rent it out when MOP is met. HDB rental yield is damn high.

@alanweeproperty 4 ай бұрын

Yes. 6-7%. Better than GIC return.

@davidlee3806 5 ай бұрын

Sure win if you buy mature small HDB resale. Enjoy same amenities as neighbouring leasehold condo yet at much lower cost. Meanwhile work hard and live happily, not tied down by heavy instalments. You probably gain much more compared to those who transfer their property investment profit to medical expenses.

@alanweeproperty 5 ай бұрын

To hold on to a resale flat or a 99-year condo. It is ultimately a personal decision like putting $$$ into a normal bank account vs S&P 500. The latter has rebounded strongly.

@atlantis98765 5 ай бұрын

@@alanweeproperty In the case of leasehold condo, at least the owners have destiny very much in their own hands since they can vote for enbloc sale. For old HDB flats with short lease remaining, there is no 100% guarantee the gov will offer your precinct the chance to vote for the future VER scheme. Even those lucky small percentage getting offer of VERS, don't even dream of windfall. The most recent AMK SERS saga already tells Singaporeans clearly can stop dreaming about windfall from SERS or the future VER scheme. Most of the ageing precincts are likely to be offered H.I.P 2.0 at around the 70-year-old mark and the lease will still run down to zero eventually

@alanweeproperty 5 ай бұрын

@@atlantis98765 HIP 2.0 already announced. For those build from late 1970s onwards. They should be around 40-50 years old now...

@steventay5834 5 ай бұрын

atlantis98765 You can vote but not many have enbloc potential

@This.Is.AngelaBloom 5 ай бұрын

The whole 99 yrs concept is to create a cycle of price going up then depreciating so our future generation can have a chance to buy, the word they use is sustainable.

@alanweeproperty 5 ай бұрын

Most impt. Must know how to play the 99 yrs game. Never own forever. Also ok. Must know when to enter n exit. That is essential.

@steventay5834 5 ай бұрын

@This.Is.AngelaBloom 99 years are for two reasons: Future development purposes Old flats will have problems (e.g. pipes leak)

@RamlahAwang-f6b 5 ай бұрын

At comanwel and queenstown also old flat

@alanweeproperty 5 ай бұрын

Yes. Basically 50% of SG in the next decade.

@atlantis98765 5 ай бұрын

Agree. Better don't buy old HDB flats with short lease remaining For those who do not heed your advice, they are most likely banking on the government to bail them out eventually. With a mindset like this, it is a gambler mindset, not an investor mindset

@alanweeproperty 5 ай бұрын

Business as usual for most. But for those reaching it's tail end...alot of uncertainty and restrictions to use cpf n loan. I recall it was a real challenge to sell during 2015-2018 before cpf policy change.

@steventay5834 5 ай бұрын

If you are 75 years old, is ok to buy lah

@windydragon6522 5 ай бұрын

If location good sure tio SERs replacement flat.

@alanweeproperty 5 ай бұрын

True....but still lots of uncertainty...some I heard waited for years...until bye bye..still haven't. 😂

@teohyc 5 ай бұрын

That's what people tell themselves to feel better.

@This.Is.AngelaBloom 5 ай бұрын

Ser only 6% will kena jackpot.

@steventay5834 5 ай бұрын

windydragon6522 Is not location. Is whether there is development potential. E g. If there is a big open car park.

@StefanusGoana 5 ай бұрын

Is there any difference or advantage for estate that support PAP or Opposition? Should we avoid Opposition party estate? 😅

@atlantis98765 5 ай бұрын

In 2020 after the last GE, there was an article online showing stats that supports the notion there is no difference in selleability between PAP and oppo estates

@alanweeproperty 5 ай бұрын

I think it's boil down to estate maintenance n upgrading too. I know some that avoid. But not significant numbers.