Owners worry older HDB flats a depreciating asset

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

HDB flats in Bukit Merah in a photo taken on Jan 2, 2018. PHOTO: ST FILE
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About 70,000 flats, or 7 per cent of the total stock of around one million, are over 40 years old.

By 2030, more than 400,000 HDB flats will be left with a remaining lease of 59 years or less, property analyst Ku Swee Yong said.

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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. Subscribe