Aging HDB Flats - Can Buy or Bye Bye?

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  • Опубликовано: 29 окт 2024

Комментарии • 33

  • @steventay5834
    @steventay5834 2 месяца назад +3

    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.

  • @davidlee3806
    @davidlee3806 3 месяца назад +7

    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
      @alanweeproperty  3 месяца назад +1

      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
      @atlantis98765 3 месяца назад +1

      @@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
      @alanweeproperty  3 месяца назад

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

    • @steventay5834
      @steventay5834 2 месяца назад

      atlantis98765
      You can vote but not many have enbloc potential

  • @This.Is.AngelaBloom
    @This.Is.AngelaBloom 2 месяца назад +1

    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
      @alanweeproperty  2 месяца назад

      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
      @steventay5834 2 месяца назад

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

  • @atlantis98765
    @atlantis98765 3 месяца назад +2

    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
      @alanweeproperty  3 месяца назад +1

      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
      @steventay5834 2 месяца назад +1

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

  • @StefanusGoana
    @StefanusGoana 3 месяца назад +1

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

    • @atlantis98765
      @atlantis98765 3 месяца назад +1

      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
      @alanweeproperty  3 месяца назад +1

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

  • @windydragon6522
    @windydragon6522 3 месяца назад +2

    If location good sure tio SERs replacement flat.

    • @alanweeproperty
      @alanweeproperty  3 месяца назад

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

    • @teohyc
      @teohyc 3 месяца назад +1

      That's what people tell themselves to feel better.

    • @This.Is.AngelaBloom
      @This.Is.AngelaBloom 2 месяца назад

      Ser only 6% will kena jackpot.

    • @steventay5834
      @steventay5834 2 месяца назад

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

  • @RamlahAwang-f6b
    @RamlahAwang-f6b 3 месяца назад +1

    At comanwel and queenstown also old flat

    • @alanweeproperty
      @alanweeproperty  3 месяца назад

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

  • @Confidence_and_Fitness
    @Confidence_and_Fitness 3 месяца назад +1

    10 millions ppl in SG lor, pap checkmate move.

  • @leethaiann3362
    @leethaiann3362 3 месяца назад +2

    HDB only lease you the flats they never lease you the land , So how you going to top up !!!!!!!!

  • @anghockseng5686
    @anghockseng5686 Месяц назад

    Any 50 and more
    Year
    I think better not to buy

  • @btbt2206
    @btbt2206 2 месяца назад +1

    Are U kidding some say your boss looks like Andy lau! They sar kar or are blind? Andy lau looks 9/10. Your boss 1/10. Sorry! 😅

  • @LeedonLee
    @LeedonLee 3 месяца назад

    En-bloc 😂