Netizen 24 SGP: Owners worry older HDB flats a depreciating asset

By On April 15, 2018

Owners worry older HDB flats a depreciating asset

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HD B flats in Bukit Merah in a photo taken on Jan 2, 2018.
PublishedApr 15, 2018, 5:00 am SGT

Ageing leases plus fact that Sers opportunity is not a given make potential buyers think twice

Madam Chai received several offers when she listed her three-room Bukit Merah Housing Board flat for sale in January last year, after her mother died.

The flat had 54 years left on its 99-year lease and the administrative clerk was asking for $340,000 - about what three-room flats in the area were commanding then.

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Average transacted prices Mind the gap A version of this article appeared in the print edition of The Sunday Times on April 15, 2018, with the headline 'Owners worry older HDB flats a depreciating asset '. Print Edition | Subscribe Topics:
  • HDB
  • PUBLIC HOUSING
  • SERS

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