For subscribers
Owners worry older HDB flats a depreciating asset
Ageing leases plus fact that Sers opportunity is not a given make potential buyers think twice
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HDB flats in Bukit Merah in a photo taken on Jan 2, 2018.
PHOTO: ST FILE
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Madam Chai received several offers when she listed her three-room Bukit Merah Housing Board flat for sale in January last year, after her mother died.
The flat had 54 years left on its 99-year lease and the administrative clerk was asking for $340,000 - about what three-room flats in the area were commanding then.
