12 May '18, 10pm

Old HDB flats: Assets losing their value?

SINGAPORE: When Mrs Y L Dong and her family moved into their resale five-room Housing Development Board (HDB) flat 20 years ago, she was certain they had found their ideal home. The Ang Mo Kio apartment may have been 17 years old, but its age did not bother her. “We have all the necessary conveniences like coffee shops and wet markets nearby. It’s a really friendly neighbourhood with a cosy feel and it is also really convenient to get to town from here,” she said. Advertisement But last year, when she approached a property agent with the intention of selling her flat, the response was poor. “After realising that the lease of the house was reaching its 40-year mark, most buyers weren’t keen at all. They were afraid they might not be able to sell it off in the future,” said the housewife who has two teenage children. “Even though the flat is spacious and opposite Bishan Park...

Full article: https://www.channelnewsasia.com/news/singapore/old-hdb-fl...

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