Discussion About Single & Hdb Flat Ownership + Hdb Loan (Compiled)

[thickhead79]

50 minutes ago, Guest guest said:

If the person thinking of buying an old flat and profit from a subsequent sale, then i would think it might not happen due to lease decay. But if the person wants to earn rental income, then whether buying an old flat or newer flat still can earn rental income. As rental income doesn't look at the age of the flat.

U only earn if u sleep street or garden 

[Guest guest]

29 minutes ago, thickhead79 said:

U only earn if u sleep street or garden 

Rent out rooms only not the entire flat.

[Guest ggg]

23 hours ago, Guest guest said:

From the reply above, looks like it is not advisable to buy an old flat in the first place. Whether the person is plan to buy for own stay or for rental. I am wondering old flat really cannot buy? So if i want to buy a resale flat, i can only buy flat less than 10 year old?

 

It depends, but you should decide whether you want to stay in it only or you want it as an investment.  I would suggest not to mix both.  

[Guest guest]

2 minutes ago, Guest ggg said:

 

It depends, but you should decide whether you want to stay in it only or you want it as an investment.  I would suggest not to mix both.  

If i buy old flat, i want to stay in it. But many people would tell me i would have problem disposing the flat next time if i need money or after i die.

[keyboard]

why do you care after you die? whatever value left is whatever value loh.

[lonelyglobe]

On 7/15/2023 at 9:30 PM, Guest guest said:

If i buy old flat, i want to stay in it. But many people would tell me i would have problem disposing the flat next time if i need money or after i die.

Generally old flat refer to those flat over 40 years with a remaining lease of 59 years or less. So if u buy at 35,  should be enough for own stay as that will last u till 94 years old. However u may not be able to get the full amount of loan as the criteria is the flat have to cover u till 95. 

 

The only concern should be when u need money. Let say by 65 u suddenly need extra money, the flat only left with 29 years, even u sell cheap also very difficult to sell. You also dont have any remaining lease that can sell back to HDB. Not to mention old flat would require more maintenance and repair work. 

[Guest guest]

32 minutes ago, lonelyglobe said:

Generally old flat refer to those flat over 40 years with a remaining lease of 59 years or less. So if u buy at 35,  should be enough for own stay as that will last u till 94 years old. However u may not be able to get the full amount of loan as the criteria is the flat have to cover u till 95. 

 

The only concern should be when u need money. Let say by 65 u suddenly need extra money, the flat only left with 29 years, even u sell cheap also very difficult to sell. You also dont have any remaining lease that can sell back to HDB. Not to mention old flat would require more maintenance and repair work. 

Sounds really bad buying old flat. But let's say if i buy a those within 10 years old of flat but location not say good, even 30 years down the road if i need extra money and sell the flat, no one would know if it can fetch a good price, due to the flat could be not near to MRT and far from town. So looks like whether buying newer flat or old flat, we are screw. Unless you are rich enough to buy a newer flat with good location and near to MRT, then huat ah.

[keyboard]

Same as human being mah. Young young nice nice, peak at certain age, then go downhill. Of course some places will still huat if you can bear the 30 years, see the masterplan where the MRT will be built. You need to do your own research to find the "gold", is have one, but see how much effort you willing to go find. Singapore not that big also - those who are already doing it, will tell you if worth or not worth if you ask them, but never will they disclose what they are buying next. Their knowledge is very next level one and happy happy go see open launch.

 

Give you link, https://services2.hdb.gov.sg/web/fi10/emap.html can see the past 2 years resale went for how much.

URA see master plan - if already old flat plan is be commercial or semi commercial mean will en bloc. https://www.ura.gov.sg/maps/?service=MP

https://www.lta.gov.sg/content/ltagov/en/upcoming_projects.html#rail_expansion if you want to play the rail plan

New rail lines and stations in future:

Cross Island Line (CRL)
Jurong Region Line (JRL) with 24 stations
Thomson-East Coast Line (TEL) with 32 stations
Circle Line 6 (CCL6) with 3 additional stations
Downtown Line 3 extension (DTL3e) with 2 additional stations
North East Line extension (NELe) with 1 additional station
Canberra Station on North-South Line
Hume Station on Downtown Line

[Guest guest]

3 hours ago, keyboard said:

Same as human being mah. Young young nice nice, peak at certain age, then go downhill. Of course some places will still huat if you can bear the 30 years, see the masterplan where the MRT will be built. You need to do your own research to find the "gold", is have one, but see how much effort you willing to go find. Singapore not that big also - those who are already doing it, will tell you if worth or not worth if you ask them, but never will they disclose what they are buying next. Their knowledge is very next level one and happy happy go see open launch.

 

Give you link, https://services2.hdb.gov.sg/web/fi10/emap.html can see the past 2 years resale went for how much.

URA see master plan - if already old flat plan is be commercial or semi commercial mean will en bloc. https://www.ura.gov.sg/maps/?service=MP

https://www.lta.gov.sg/content/ltagov/en/upcoming_projects.html#rail_expansion if you want to play the rail plan

New rail lines and stations in future:

Cross Island Line (CRL)
Jurong Region Line (JRL) with 24 stations
Thomson-East Coast Line (TEL) with 32 stations
Circle Line 6 (CCL6) with 3 additional stations
Downtown Line 3 extension (DTL3e) with 2 additional stations
North East Line extension (NELe) with 1 additional station
Canberra Station on North-South Line
Hume Station on Downtown Line

Sorry, how to read the IRA master plan? What it means by all the numbers on the map?

[keyboard]

The numbers are Gross Plot Ratio, means based on the sq area, how much units can be built (based on the area per unit). The colours tell you what that plot can be used for.

[LeanMature]

If you have already booked a BTO, can you still apply for SBF, if you don't mind losing your deposit ?

[keyboard]

1 hour ago, LeanMature said:

If you have already booked a BTO, can you still apply for SBF, if you don't mind losing your deposit ?

Can't find any doc but pretty sure? it will be rejected? When applying, there is a prompt that you have not booked a flat but still can apply and pay, but if ineligible, they will let you know. Worth doing e-service to HDB to get a confirmation.

 

After cancelling, you would be placed under the reject x times conditions. You need to count your chances before applying to not regret your decision.

[Guest guest]

14 hours ago, keyboard said:

The numbers are Gross Plot Ratio, means based on the sq area, how much units can be built (based on the area per unit). The colours tell you what that plot can be used for.

So the Gross Plot Ratio show is for the current units there or for future? So it means the bigger the number the better?

[sayfirst]

34 minutes ago, Guest guest said:

So the Gross Plot Ratio show is for the current units there or for future? So it means the bigger the number the better?

 

The Gross Plot Ratio (GPR) determines the max allowable height of a building development. The higher the number, the taller the building that can be built on site, subject to other factors.

 

For example, a GPR of 2.8 indicates that a 36-storey building can be built on site. On the other hand, a GPR of 1.4 indicates a max building height of 5 stories. 
 

[Guest guest]

25 minutes ago, sayfirst said:

 

The Gross Plot Ratio (GPR) determines the max allowable height of a building development. The higher the number, the taller the building that can be built on site, subject to other factors.

 

For example, a GPR of 2.8 indicates that a 36-storey building can be built on site. On the other hand, a GPR of 1.4 indicates a max building height of 5 stories. 
 

I see. It means if the plot shows a bigger number, then the plot has a good potential to redevelop, esp if the current building there is low rise. My current hdb plot shows GPR of 3.0

[sayfirst]

9 hours ago, Guest guest said:

I see. It means if the plot shows a bigger number, then the plot has a good potential to redevelop, esp if the current building there is low rise. My current hdb plot shows GPR of 3.0

That’s right. Thiam Siew Avenue is a street occupied by landed houses, with a gross plot ratio of 2.8. And both land parcels on each side of the road are freehold. 
 

It was sold in 2021 and is being developed into a new launch project The Continuum today. 
 

How many stories are there in your HDB block?

Edited July 19, 2023 by sayfirst
grammar

[Guest guest]

13 hours ago, sayfirst said:

That’s right. Thiam Siew Avenue is a street occupied by landed houses, with a gross plot ratio of 2.8. And both land parcels on each side of the road are freehold. 
 

It was sold in 2021 and is being developed into a new launch project The Continuum today. 
 

How many stories are there in your HDB block?

Mixture of point blk and around 13 storey HDB.

[Guest Guest]

The Big Read: Why are buyers still snapping up new condos at ever-rising prices despite property cooling measures, economic uncertainties?

 

[Guest Guest]

5 hours ago, Guest Guest said:

The Big Read: Why are buyers still snapping up new condos at ever-rising prices despite property cooling measures, economic uncertainties?

 

So many rich people. 

[thickhead79]

碧山一个五房式私人组屋单位以143万元转手，再度刷新全国五房式组屋转售价纪录。

Bishan 1.43m 5room

[Startup]

https://www.channelnewsasia.com/singapore/focus-condo-private-property-housing-prices-social-mobility-3612396

 

IN FOCUS: With rising private home prices, is climbing the property ladder harder?

 

This article is very informative. 

1. Prices will never go down as we are reminded that other Asian cities are even worse.

2. Prices have gone up 28% in the past 3 years and will only continue to go up cos there is always room for prices to go up.

3. A 2023 Urban Land Institute (ULI) study comparing housing prices in the region found that the median private home price in Singapore was 13.7 times the median household income. The same ratio for HDB flats was 4.7. 

 

[thickhead79]

1 hour ago, Startup said:

https://www.channelnewsasia.com/singapore/focus-condo-private-property-housing-prices-social-mobility-3612396

 

IN FOCUS: With rising private home prices, is climbing the property ladder harder?

 

This article is very informative. 

1. Prices will never go down as we are reminded that other Asian cities are even worse.

2. Prices have gone up 28% in the past 3 years and will only continue to go up cos there is always room for prices to go up.

3. A 2023 Urban Land Institute (ULI) study comparing housing prices in the region found that the median private home price in Singapore was 13.7 times the median household income. The same ratio for HDB flats was 4.7. 

 

yes no reason for price to go down

[Guest Guest]

In today's Straits Times

 

Increase in seniors monetising their HDB flats to supplement retirement income

 

 

[Guest guest]

2 hours ago, Guest Guest said:

In today's Straits Times

 

Increase in seniors monetising their HDB flats to supplement retirement income

 

 

The lease buyback scheme only benefits for those newer flat. This is why no advisable to buy a resale old flat. Unless you buy as a first owner of the flat as brand new, down the road still have chance to benefit this lease buyback scheme.

[Guest Guest]

Single at 35 buying a resale 3, 4 or 5 room that is less than 19 years old qualified for the LBS. The newer flats are likely further away from the NS-EW station. 

[lonelyglobe]

2 hours ago, Guest Guest said:

Single at 35 buying a resale 3, 4 or 5 room that is less than 19 years old qualified for the LBS. The newer flats are likely further away from the NS-EW station. 

Yeap,  in another word at 35 must buy flat with at least 80 years balance lease if u want to qualify for LBS. Actually is not a bad idea since for single,  there is no one to pass the flat to and might as well enjoy the money from the LBS. 

[Sweetie Pie]

23 hours ago, lonelyglobe said:

Yeap,  in another word at 35 must buy flat with at least 80 years balance lease if u want to qualify for LBS. Actually is not a bad idea since for single,  there is no one to pass the flat to and might as well enjoy the money from the LBS. 

LBS is not so popular in Singapore and you must be at least 65yo to qualify?

[lonelyglobe]

Yes but at least u still can get back some money for 20 years lease rather than zero amount for 19 years or less.

 

LBS not popular with families as they often choose to leave the flat to their kids who may not be able to buy a hdb in the future. 

[Sweetie Pie]

23 minutes ago, lonelyglobe said:

Yes but at least u still can get back some money for 20 years lease rather than zero amount for 19 years or less.

 

LBS not popular with families as they often choose to leave the flat to their kids who may not be able to buy a hdb in the future. 

What happens if you live past the LBS years? You'll be kicked out of your home and have it taken away. Homeless.  The best option is to monetize by selling your old apartment at the high market price and staying in a short lease BTO, for at least the next 45 years .  Have enough money to retire, as well as a new place to live until you're at least 100 years old.  No wonder many short least BTO being over-subscribed by elderly. 

Edited July 24, 2023 by Sweetie Pie

[lonelyglobe]

38 minutes ago, Sweetie Pie said:

What happens if you live past the LBS years? You'll be kicked out of your home and have it taken away. Homeless.  The best option is to monetize by selling your old apartment at the high market price and staying in a short lease BTO, for at least the next 45 years .  Have enough money to retire, as well as a new place to live until you're at least 100 years old.  No wonder many short least BTO being over-subscribed by elderly. 

Ya good,  as long as u r happy. 

[Guest guest]

On 7/24/2023 at 9:37 PM, lonelyglobe said:

Yes but at least u still can get back some money for 20 years lease rather than zero amount for 19 years or less.

 

LBS not popular with families as they often choose to leave the flat to their kids who may not be able to buy a hdb in the future. 

How do they calculate for the LBS? It is based on the market rate at that time when the owner submits for the LBS? Is location plays a part on the amount getting? If really can get back quite a good amount of money, then die die i also will buy a newer resale hdb.

[Guest guest]

On 7/24/2023 at 9:59 PM, Sweetie Pie said:

What happens if you live past the LBS years? You'll be kicked out of your home and have it taken away. Homeless.  The best option is to monetize by selling your old apartment at the high market price and staying in a short lease BTO, for at least the next 45 years .  Have enough money to retire, as well as a new place to live until you're at least 100 years old.  No wonder many short least BTO being over-subscribed by elderly. 

Maybe you need to pay again for the additional lease that you want after you live past the LBS years?

[Guest guest]

On 7/23/2023 at 6:12 PM, lonelyglobe said:

Yeap,  in another word at 35 must buy flat with at least 80 years balance lease if u want to qualify for LBS. Actually is not a bad idea since for single,  there is no one to pass the flat to and might as well enjoy the money from the LBS. 

Does it mean that if i now buy a 500k hdb, when i reached 65 year old and opt for the LBS, example if the number of years balance lease that i sell back to HDB fetch me 200k, so basically i only paid for the flat for 300k?

[lonelyglobe]

18 minutes ago, Guest guest said:

How do they calculate for the LBS? It is based on the market rate at that time when the owner submits for the LBS? Is location plays a part on the amount getting? If really can get back quite a good amount of money, then die die i also will buy a newer resale hdb.

 

9 minutes ago, Guest guest said:

Does it mean that if i now buy a 500k hdb, when i reached 65 year old and opt for the LBS, example if the number of years balance lease that i sell back to HDB fetch me 200k, so basically i only paid for the flat for 300k?

Check with HDB 😊

[Sweetie Pie]

18 hours ago, Guest guest said:

Does it mean that if i now buy a 500k hdb, when i reached 65 year old and opt for the LBS, example if the number of years balance lease that i sell back to HDB fetch me 200k, so basically i only paid for the flat for 300k?

If HDB pay you $200K spread over 30 years divided by 12 months.  How much will you be getting per month? $500+.  You can survive on only $500+ per month meh?   Why not sell your flat for $500K (depending on size of your HDB) in the open market,  than use a fraction of it to buy short lease 2 ROOM BTO, the remaining go back to CPF for pension fund and still got extra for your savings.   3 birds in one stone.    LBS is not worth thinking because you will be short-changed by CALCULATIVE HDB. 

[cityhallguy]

13 hours ago, Sweetie Pie said:

If HDB pay you $200K spread over 30 years divided by 12 months.  How much will you be getting per month? $500+.  You can survive on only $500+ per month meh?   Why not sell your flat for $500K (depending on size of your HDB) in the open market,  than use a fraction of it to buy short lease 2 ROOM BTO, the remaining go back to CPF for pension fund and still got extra for your savings.   3 birds in one stone.    LBS is not worth thinking because you will be short-changed by CALCULATIVE HDB. 

1.  Depending on how he manages his financial and what other incomes and savings he has.
2. Unless time is not a problem for you, then selling open market is okay. Do need to take consideration of waiting for someone to buy your flat and then you need to look for a smaller flat. You might end up losing time which money can’t buy. Or you might end up selling high and buying high as when property market is good, your property is not the only one that has increased value. Plus when you grow older, would you still like to spend most of your time waiting?
3. There should t be any short changing once you signed off on the LBS contract. The changes will only affect on those after you had signed the contract. However, if the contract you signed has this clause like “HDB has the right to make changes for any of the terms and conditions…” then yah all SG should be worry and someone needs to bring it up to debate in parliament or sue HDB for unfairness contract. 

[Guest Airy Sunny dry faster]

On 7/15/2023 at 5:02 PM, Guest guest said:

If the person thinking of buying an old flat and profit from a subsequent sale, then i would think it might not happen due to lease decay.

In case you guys are unaware. The majority of buyers of resale HDB are wealthy PRs. They look for matured and desirable areas because they are ineligible for new BTO. I believe many old HDB are selling frantically and even for more over $1 million as a result.  Once our immigration door opened even further, expect Resale price to rise once more.   Besides, there are charms of old HDB flat because the laundry of old HDB dry much faster with greater exposure to sun and breez as compared to the poor layout of BTO laundry area. My friend who owned BTO said he aired his laundry in the living room window to get more sunlight exposure.    

[lonelyglobe]

https://stackedhomes.com/editorial/5-surprising-hdb-estates-with-declining-prices-in-2023/

 

A good read. 

[Guest guest]

On 7/26/2023 at 5:27 PM, Sweetie Pie said:

If HDB pay you $200K spread over 30 years divided by 12 months.  How much will you be getting per month? $500+.  You can survive on only $500+ per month meh?   Why not sell your flat for $500K (depending on size of your HDB) in the open market,  than use a fraction of it to buy short lease 2 ROOM BTO, the remaining go back to CPF for pension fund and still got extra for your savings.   3 birds in one stone.    LBS is not worth thinking because you will be short-changed by CALCULATIVE HDB. 

You might have a valid point there, but not everyone would still want to move house or go thru the hassle of selling off their flat at the age 65 year old or older. It needs a lot of energy, time, effort and money to move house. That's why the LBS offer another alternative.

[Guest guest]

11 hours ago, Guest Airy Sunny dry faster said:

In case you guys are unaware. The majority of buyers of resale HDB are wealthy PRs. They look for matured and desirable areas because they are ineligible for new BTO. I believe many old HDB are selling frantically and even for more over $1 million as a result.  Once our immigration door opened even further, expect Resale price to rise once more.   Besides, there are charms of old HDB flat because the laundry of old HDB dry much faster with greater exposure to sun and breez as compared to the poor layout of BTO laundry area. My friend who owned BTO said he aired his laundry in the living room window to get more sunlight exposure.    

One of the plus points of old HDB flat is the spacious size, even an old 3 rm HDB seems to be more spacious than a new BTO 3 rm. But too bad due to the truth fact of lease decay, it is really not advisable to buy, esp if you plan to sell off the flat to fetch some money when you are old. Maybe old flat can buy if you are rich with money, since old flat is bigger, and the location is better.

[Guest Guest]

HDB resale prices up 1.5% in Q2; fewer flats change hands, volume down 6.7%

[Guest Guest]

From ST

 

HDB resale prices up 1.5% in Q2; fewer flats change hands, volume down 6.7%

 

 

[sayfirst]

https://www.straitstimes.com/singapore/more-equitable-access-to-housing-types-for-singles-being-studied-desmond-lee
 

“Other housing types under consideration include co-living, or housing with shared communal facilities.”

 

“Under the rent-to-own model, renters would pay a non-refundable option fee upfront for the option to purchase the property subsequently. Part of their monthly rental could go towards paying for the property, which will help lower the purchase price when it is time to exercise the option to purchase, the Ministry of National Development said.”

 

My two cents:
Under the rent-to-own model, though it offers renters a chance to ‘try out’ staying at a particular location, renters may very well end up paying more for the flat in the long run, depending on whether the agreed purchase price is higher than today’s market value (to factor in an increase in resale housing prices over time), or at the time of lease expiry. 
 

The younger generation is more open to renting in recent years and the flexibility of a rent-to-own model (if implemented) would be welcome. 

[lonelyglobe]

It is really sad and perhap disgusting to see that HDB have to resort to the old policy of the 70s and 80s when they built and rent out the flat, then after several years they sell the flat to those who have rented.

 

Those were the time when people do not have enough money to buy, so forward to 2023, while our income have increase but we are still cant afford to buy?  Wow,  how much progress we have made? 

[thickhead79]

A four-room HDB resale flat in Jurong West was recently sold for S$695,000. This is the highest price recorded for a four-room HDB resale flat in the estate (at least for now).

Unit is from a SERS replacement project

The record-breaking unit is located within the 13th to 15th floor range (HDB doesn't reveal the actual floor for privacy reasons) of Blk 697B Jurong West Central 3.

The block is one of the six blocks of Jurong West Blossom, a SERS replacement project. Completed in 2017, it's now home to residents of Blk 167 to 172 Boon Lay Drive, which had their units acquired through SERS in December 2011.

[Guest Hot and Sweaty]

The large living room window for BTO flat is a "NO NO" for me.  I need to wear sunscreen throughout the day due to sun radiation during the day and turn out like a hot oven.   Whereas in old HDB I don't have to worry about putting on sunscreen and still enjoy the same brightness during day time.  A friend of mine stay on the 24th storey of BTO, super hot throughout the living space.  Must keep drinking water and install aircon.  

[Guest A quiet remote town]

10 hours ago, thickhead79 said:

A four-room HDB resale flat in Jurong West was recently sold for S$695,000. This is the highest price recorded for a four-room HDB resale flat in the estate (at least for now).

Unit is from a SERS replacement project

The record-breaking unit is located within the 13th to 15th floor range (HDB doesn't reveal the actual floor for privacy reasons) of Blk 697B Jurong West Central 3.

The block is one of the six blocks of Jurong West Blossom, a SERS replacement project. Completed in 2017, it's now home to residents of Blk 167 to 172 Boon Lay Drive, which had their units acquired through SERS in December 2011.

In matured estate, such flat size and floor level would fetch even more, around $800K.  Jurong too ulu ulu.   Unless the town is massively overhauled into a vibrant estate, don't expect any drastic take up rate. 

[Guest Control your Asset]

On 7/27/2023 at 6:54 AM, cityhallguy said:

1.  Depending on how he manages his financial and what other incomes and savings he has.
2. Unless time is not a problem for you, then selling open market is okay. Do need to take consideration of waiting for someone to buy your flat and then you need to look for a smaller flat. You might end up losing time which money can’t buy. Or you might end up selling high and buying high as when property market is good, your property is not the only one that has increased value. Plus when you grow older, would you still like to spend most of your time waiting?
3. There should t be any short changing once you signed off on the LBS contract. The changes will only affect on those after you had signed the contract. However, if the contract you signed has this clause like “HDB has the right to make changes for any of the terms and conditions…” then yah all SG should be worry and someone needs to bring it up to debate in parliament or sue HDB for unfairness contract. 

Remind us of CPF, they keep shifting goal post.  I dare not think what goal post they may shift along the way if you took LBS.  HDB will back your flat for the least valuation but sell them for the highest market valuation. Historically, they have the tendency of short-changing landlord when they tried to repossess their land for development.  You don't want to go down the path to "lelong" your flat back to the govt, and then live in uncertainty of what changes they may implement thereafter that affects your revenue.  

[keyboard]

On 7/31/2023 at 9:11 AM, sayfirst said:

https://www.straitstimes.com/singapore/more-equitable-access-to-housing-types-for-singles-being-studied-desmond-lee
 

“Other housing types under consideration include co-living, or housing with shared communal facilities.”

 

“Under the rent-to-own model, renters would pay a non-refundable option fee upfront for the option to purchase the property subsequently. Part of their monthly rental could go towards paying for the property, which will help lower the purchase price when it is time to exercise the option to purchase, the Ministry of National Development said.”

 

My two cents:
Under the rent-to-own model, though it offers renters a chance to ‘try out’ staying at a particular location, renters may very well end up paying more for the flat in the long run, depending on whether the agreed purchase price is higher than today’s market value (to factor in an increase in resale housing prices over time), or at the time of lease expiry. 
 

The younger generation is more open to renting in recent years and the flexibility of a rent-to-own model (if implemented) would be welcome. 

I don't know if the younger generation is "more open" or without choice but to rent. Why rent, because affordability means you are priced out of convenient areas or travel 1 hour or more per direction. 

Gut feel when this is implemented, these "rental" areas will not be anywhere near "good" locations, eventually HDB is not going to be "stupid" enough to get rental defaulters. I'm not criticizing your opinion, just being very critical of the "think-tank" that came up with such solutions that have a few benefits but ignoring the downsides (because this is better than what the opposition can give).

 

Not old enough to know what lonelyglobe has wrote but if that's true, HDB being public housing have failed in my opinion. Like how much loan determines my limit on which areas I can buy. Who can guarantee a golden rice bowl to fulfil a roof over your head for the next 35 years.

 

With the number of "youtubers" in the Gen Z all moving out to rental with friends/alone - you can see they value the quality of life and this eventually leads to a no place to stay once that rice bowl breaks. It is not wrong, it's just that society have moved on and saving for that pot of gold have changed.

[Guest guest]

23 hours ago, thickhead79 said:

A four-room HDB resale flat in Jurong West was recently sold for S$695,000. This is the highest price recorded for a four-room HDB resale flat in the estate (at least for now).

Unit is from a SERS replacement project

The record-breaking unit is located within the 13th to 15th floor range (HDB doesn't reveal the actual floor for privacy reasons) of Blk 697B Jurong West Central 3.

The block is one of the six blocks of Jurong West Blossom, a SERS replacement project. Completed in 2017, it's now home to residents of Blk 167 to 172 Boon Lay Drive, which had their units acquired through SERS in December 2011.

What can i say is willing seller willing buyer. This is why we can always see record high HDB sold.

 

Anyway, this cluster of HDB even though near to Jurong Point and MRT, but the human traffic and vehicle traffic are way too high, quite stressful to stay there.