Govt has more talk on HDB to $0 at end of lease

[bgd]

Now Govt Minister saying that HDB are now a good store of wealth if decisions are taken wisely

I guess some negativity from the ground has lead to a more positive outlook on home trending to zero dollar

For who - Sg PLC? Not the leaseholders me thinks.

I guess if you sell it on at the right time, that's a "wise" decision. Of course not so much for the guy at the end of the chain.

[Barnsley]

Now Govt Minister saying that HDB are now a good store of wealth if decisions are taken wisely

I guess some negativity from the ground has lead to a more positive outlook on home trending to zero dollar

For who - Sg PLC? Not the leaseholders me thinks.

I guess if you sell it on at the right time, that's a "wise" decision. Of course not so much for the guy at the end of the chain.

[earthfriendly]

I would not treat a 99 year lease an an asset. The opposite, in fact.

https://www.facebook.com/photo.php?fbid ... 332&type=3

[PNGMK]

I would not treat a 99 year lease an an asset. The opposite, in fact.

https://www.facebook.com/photo.php?fbid ... 332&type=3

Well d'uh but when you've encouraged the sheeple to put their hard earned and guaranteed CPF into a sinking value liability (which is what a mortgaged HDB flat is) then you need to do some spin.

[thismyvoice]

They are trying to prevent some locals from committing suicide by buying resale flats with short balance of leases left hoping for SERS. Since 1995 only about 4% have been designated as being available or marked for SERS. That is a very small percentage and the odds are probably less than one of the Roulette tables at Marina Bay Sands.

Don't understand what the 4% figure means. What did he mean by designated or marked for SERS? Does it include HDB flats that were offered SERS, or those that were planned for SERS in the next 5 years but nothing offered yet? I presume he is referring to the entire block and not individual units. Difficult to interpret such a broad statement without accompanying details.

Typically, SERS are offered for HDB flats that are at least 30 years old. If a HDB flat is brand new, it would not be considered for SERS. What would be more interesting is the percentage of flats above the age of 30 years, 40 years that were selected for SERS. How many of them are near MRT? How tall are such flats?

[sundaymorningstaple]

You last paragraph pretty much nails it. Most flats that are 30 years old (like mine) or old are only 14 stories or less (most less). Depending on where they are located if they also have large landed areas around the flats then then are prime candidates. So far of those "eligible" for consideration, less that 4% of the blocks have been chosen. It's a crap shoot and you would arguably have to see the master plan for the island to get an inkling of what the future holds.I reckon the government already knows which flats will be chosen but not when.