Owners worry older HDB flats a depreciating asset

HDB flats in Bukit Merah in a photo taken on Jan 2, 2018.
HDB flats in Bukit Merah in a photo taken on Jan 2, 2018.PHOTO: ST FILE
Published
Apr 15, 2018, 5:00 am SGT

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

Business Correspondent
gleong@sph.com.sg

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.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

Average transacted prices
Mind the gap
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'. Print Edition | Subscribe
Topics: 

Branded Content