WhatisWhat

After buying my house, I started reading up on property information and how the market works. Some of the objections I heard from my friends are: These days no one cares about Freehold(FH) any more. There’s no need to care about lease decay, you won’t stay that long anyway. So it got me thinking, is that really the case?   Better Location If we look at HDBs, there is constant renewal by the GRCs to enhance their value, with better amenities, social support centres, connectivity and covered walkway. In terms of planning, it also makes sense to plan the train stations in a way that has the minimum impact on existing buildings. Next, creates land value through further development around the vicinity. That could mean that future development of the land parcels near the Station is likely going to be new HDBs or GLS > Condos In addition, selling the GLS at these locations would help attract developer interest and strengthen the reserves.  It is essentially a p...

I’ve honestly started looking into this recently as inflation was rampant. Getting an asset was a plausible consideration. I looked around and there were really only 4 options: HDB Built to order (BTO) Resale HDB Resale Condo New launch Condo. I would love to try for BTOs but it’s not something I’m eligible for. Resale HDB Next, I looked at resale HDBs in my area. I’m living in a mature estate. Most of the amenities are developed and the Town Council are honestly just maintaining it. This meant that the HDBs have at most a remaining lease of 60 years old. Looking at the Bala curve, the property value is expected to steadily decline in property value at an increasing pace. I am not ready to buy such an asset. This also made me aware that regardless of which HDB I buy I will be stuck with an issue of lease decay. Source: Centre for Liveable Cities So existing resales are out of the question, what about HDBs that hav...