KHAW CONFIRMS VALUE OF HDB FLATS WILL BE ZERO AT END OF 99-YEAR LEASE

[opmi]

I ask u all one question, if someone buys an hdb and lives in it. Is it an asset or liability? Since one day your hdb will become zero value

Your flat is an asset. Your mortgage is the liability. Hahha

[kbl]

HDB flat is the cheapest 'roof over the head' in spore for sporean. Is never an asset from day 1

[lanoitar]

Look at old master plans if u really want to know.

Thx! I just did.

Unf, Master Plan 1958/1980 doesn't show plot ratio, while Master Plan 2003 shows pretty much the same plot ratios as 2008.

I agree with 'thefarside'. Think u can only get the info by doing the "ground work", unless u go for those super easy targets of 0.X plot ratio (aka HDB Terrace Houses).

Still, unless there's urgency in intensifying usage of a plot, the government can just let your lease run out. Low plot ratio + close to amenities might still not guarantee SERs, IMHO.

[cfa]

Those who ''own'' an HDB , be it home or commercial are actually owning the lease , not the properties al at , all are tenants not owners of HDB.

[Bibi]

if a 99 leasehold hdb flat costs 400k now, i have no idea what a freehold hdb flat will cost. But it will certainly cause more pain for young blokes getting their keys, hence causing more political/social problems.

From a national perspective, it is better to have people "own" their flats - it gives them a vested interest to defend the island.

using pte L99 vs pte FH as a reference, extra 10-20% premium only.

PRs also own flats, will they stay to defend??

I am not so silly to defend a country because of assets. I defend where my loved ones are. If they are encouraged to go to Malaysia just like Mr Khaw suggested, I will help defend Malaysia.

[zhangwuji]

Just to share.

From a book that I had read, the word "Real" in the term "Real Estate" does not actually mean "real" in English language. Its from Spanish word that mean royal. In today's world, it means the our government. So the properties that people own actually belong to the government.

[thefarside]

Still, unless there's urgency in intensifying usage of a plot, the government can just let your lease run out. Low plot ratio + close to amenities might still not guarantee SERS, IMHO.

If you want to buy a house that will SERS in the next ten years, best bet is still mature estates, lease near 40 years, mix of 3 and 4 rooms which is easy to relocate (no rental, no 5-rooms). If higher density than usual, look for its potential to be converted into condo land.

PS: If you are still looking, do check out Henderson Crescent, Blk 101 - 106.

[etan]

What about those flats at Spottiswoode Park, Blk 101 to 106, built in 1970? There is also HUDC flats in the area but not privatised yet. Not sure if this info is correct.

If you want to buy a house that will SERS in the next ten years, best bet is still mature estates, lease near 40 years, mix of 3 and 4 rooms which is easy to relocate (no rental, no 5-rooms). If higher density than usual, look for its potential to be converted into condo land.

PS: If you are still looking, do check out Henderson Crescent, Blk 101 - 106.

[etan]

Is it right to say that it makes more sense to buy a brand new flat, pay off the loan for 25 yrs, the flat then becomes FOC for the rest of yr life, or until such time it's being selected for SERS. We really have no idea how the govt manages the SERS programme. But we do know that not all flats will be selected. In future, maybe all 99LH flats will become 60LH, it keeps recycling, and the cycle becomes shorter. Rich landlord.

[/quote]='felixleong' pid='74081' dateline='1392283174']
I ask u all one question, if someone buys an hdb and lives in it. Is it an asset or liability? Since one day your hdb will become zero value
[/quote]

[etan]

If I am not mistaken, the long stretch of land opposite Coney Island, the draft URA plan indicate plot ratio as 4.2.

[quote='thefarside' pid='74079' dateline='1392280957'
I think HDB estates plot ratios are all a min of 2.8 on the masterplan. This is regardless whether the estate is built up to that level of density. To identify these slackly built estates you have to manually identify them and do on the ground work. But in the past 15 years I think the govt has cleared out a lot of them.
[/quote]