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HDB Resale Price Under More Pressure

J

JustLikeThis

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Latest CPF & HDB measure

graphic--updated-rules-on-cpf-usage-and-hdb-housing-loans.png

https://www.channelnewsasia.com/news/singapore/hdb-loan-cpf-rules-buy-property-flats-home-11518170
 
New Measure = must marry older wife if you buy resale HDB

Age of younger co-owner + Remaining Lease of HDB = 95 or More

If you target a HDB with 60 years remaining lease, 95 minus 60, your co-owner (wife) must be more than 35 years old.

Only consider MILFs if you divorce, no SYTs allowed.
 
Million dollars Bishan or mature estates HDB flats will have limited upside.

Assuming when there is 60 years lease left, couples in their mid-40s or 50s will find it tough to buy a HDB with loan. For their age, it will be hard to get a $800K loan for 30 years if they are not young.

5-room HDB Flat In Bukit Merah Sold For Record $1.2m
https://sg.finance.yahoo.com/news/5-room-hdb-flat-bukit-053636007.html
 
JustLikeThis said:
New Measure = must marry older wife if you buy resale HDB

Age of younger co-owner + Remaining Lease of HDB = 95 or More

If you target a HDB with 60 years remaining lease, 95 minus 60, your co-owner (wife) must be more than 35 years old.

Only consider MILFs if you divorce, no SYTs allowed.
Click to expand...

Even better if you target wealthy grannies with one foot already inside the grave! :biggrin:
 
how come change this type of law no need pass through Parliament?
like that tomorrow can just raise Cpf withdrawal age from 55 to 70 lor.
 
are people still paying cash over valuation during this period when resale is going downhill?
 
Looks to be final nail in the coffin for those old hdb flats.
 
All HDB resale should be back to HDB, and the resale value set at percentage of remaining lease multiplied by total amount paid.
Win-win for everybody. No speculation, no ridiculous pricing. It’s public housing for a reason. Go for private housing if you want to speculate.
 
zhihau said:
All HDB resale should be back to HDB, and the resale value set at percentage of remaining lease multiplied by total amount paid.
Win-win for everybody. No speculation, no ridiculous pricing. It’s public housing for a reason. Go for private housing if you want to speculate.
Click to expand...

Agree. Just like cars. Depreciated in value along the way. So hw can HDB flats increase in value instead? Ridiculous!
 
zhihau said:
All HDB resale should be back to HDB, and the resale value set at percentage of remaining lease multiplied by total amount paid.
Win-win for everybody. No speculation, no ridiculous pricing. It’s public housing for a reason. Go for private housing if you want to speculate.
Click to expand...
Bro you say like that some people shivering loh. Those PR want to balek kampong, citizens old and new want to migrate worry their capital and profit not guaranteed! Very expensive you know, those freehold homes in good neighbourhoods! :eek:
 
mojito said:
Bro you say like that some people shivering loh. Those PR want to balek kampong, citizens old and new want to migrate worry their capital and profit not guaranteed! Very expensive you know, those freehold homes in good neighbourhoods! :eek:
Click to expand...

Have you seen those CECA FTs living along Meyer Road, Tanjong Rhu Road? Snapped up like nobody’s business. I’m just surprised they aren’t willing to stay nearer to Amber Road side.
 
zhihau said:
Have you seen those CECA FTs living along Meyer Road, Tanjong Rhu Road? Snapped up like nobody’s business. I’m just surprised they aren’t willing to stay nearer to Amber Road side.
Click to expand...

But are they owners or just tenants?:)
 
Last edited:
whoami said:
Agree. Just like cars. Depreciated in value along the way. So hw can HDB flats increase in value instead? Ridiculous!
Click to expand...

garlic said:
Looks to be final nail in the coffin for those old hdb flats.
Click to expand...

Many of those who invested in HDB resale in the past five years, especially mature estates will be affected.

It is also getting ridiculous that we have pure HDB auctions, be it mortgagee sales or not.

58373855_1227829360727859_3168232327255949312_n.jpg
 
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