25 May '18, 1am

Extension of HDB leases on debate

As Singapore matures as a republic, the issues that arise from an ageing population become more apparent. The ages and remaining lease periods of HDB flats have been much debated of late, especially following recent mentions by the authorities about the future of HDB flats with less than 60 years left on their leases. Teck Whye Crescent. Picture: iProperty The government says there is still value in older HDB flats Last year, the Minister of National Development Lawrence Wong warned against paying exorbitant prices for resale HDB flats with fewer years left on their leases. These older flats were often in districts popular with young couples who would often fork out high prices for a unit and also spend considerable amounts for renovation works. Some buyers were also paying high prices in hope that the units purchased would be selected for the Selective En bloc Redevelopme...

Full article: https://www.iproperty.com.sg/news/extension-of-hdb-leases...

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