HDB terraces: Sers not a high possibility, say analysts

Lease extensions also unlikely, but units' rarity may cushion depreciation effect

The Housing Board terraced houses in Whampoa estate have 50 years left on their 99-year leases. Nine HDB terraced units - seven in Whampoa and two in Queenstown - have changed hands so far this year.
The Housing Board terraced houses in Whampoa estate have 50 years left on their 99-year leases. Nine HDB terraced units - seven in Whampoa and two in Queenstown - have changed hands so far this year.ST PHOTO: ALPHONSUS CHERN

Two-storey terraced houses with spacious living areas and mini front porches complete with gates - these sound like private landed properties, but the Housing Board block sign gives them away.

HDB terraced houses - a rarity in Singapore's public housing - have come under the spotlight after a record sale of a 210 sq m unit in Whampoa for $1.268 million this month, the most expensive HDB resale property to change hands so far.

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A version of this article appeared in the print edition of The Straits Times on June 26, 2021, with the headline 'HDB terraces: Sers not a high possibility, say analysts'. Subscribe