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

[pianist]

rule 3 in sg hardly will get u any roof at all maybe except at punggol, yishun, jurong west

[CY09]

Hi Pianist,

A 5 room resale HDB costs 400k to 650k. people earning 10k will nicely meet rule 3. Nice rules to follow, and from what I am sensing, many EC buyers are stretching themselves using the 3 rules as a guage

https://squarefoot.com.sg/latest-transac...hdb/5-room

[Caelitus]

If I could, I would go for a 4 room BTO flat before the window closes on me. This provides a reasonable place for me to live and minimise my outlay. The only thing is, I am short of a partner haha...

[pianist]

BTO flats will likely push u into the outskirts locations..will likely lose out on time if u work in the city

[corydorus]

The 3rd rule of 5 years of annual income seems too strict. With many condo hitting a million, that's 200k annual income. I doubt this reflects reality.

[chialc88]

The 3rd rule of 5 years of annual income seems too strict.

I suggest to use it as a starting point and not a hard and fast rule.

Individual will have their unique circumstances that make or break into condo dream.

Well, by now, we know that renting out your HDB would increase your chance too.

LC


Earth day - save the world everyday.

[pianist]

seems like the value of HDB flats will never go to zero..

Friday, Jun 27, 2014
Yeo Sam Jo
The Straits Times

SINGAPORE - In a blog post on Friday, National Development Minister Khaw Boon Wan announced that the Housing Board will be building replacement flats for residents at the Tanglin Halt estate, under the Selective En-bloc Redevelopment Scheme (SERS). This is part of the Remaking Our Heartland initiative which Prime Minister Lee Hsien Loong announced at the National Day Rally in 2007, and the HDB's "Housing-in-a-Park" vision for Dawson
The Tanglin Halt estate identified for SERS comprises 3,480 sold flats. Completed in 1962/1963, they are more than 50 years old today. SERS offers residents a unique opportunity to move to new flats with fresh 99-year leases, situated in a convenient location served by modern facilities.

[chialc]

well, it might be a good news for most of the HDB owner but someone will never be happy.

Love Compassion

seems like the value of HDB flats will never go to zero..

[Some-one]

seems like the value of HDB flats will never go to zero..

Friday, Jun 27, 2014
Yeo Sam Jo
The Straits Times

SINGAPORE - In a blog post on Friday, National Development Minister Khaw Boon Wan announced that the Housing Board will be building replacement flats for residents at the Tanglin Halt estate, under the Selective En-bloc Redevelopment Scheme (SERS). This is part of the Remaking Our Heartland initiative which Prime Minister Lee Hsien Loong announced at the National Day Rally in 2007, and the HDB's "Housing-in-a-Park" vision for Dawson
The Tanglin Halt estate identified for SERS comprises 3,480 sold flats. Completed in 1962/1963, they are more than 50 years old today. SERS offers residents a unique opportunity to move to new flats with fresh 99-year leases, situated in a convenient location served by modern facilities.

The question is would HDB be able to offer replacement for all the old units in Singapore since enbloc is dependent on site's redevelopment potential? what about those flats that don't have potential?

[pianist]

those flat owners who bought old flats at ulu locations I suppose may have to send prayers to the god every nite