12 Apr '17, 12pm

New post added at LushHomeMedia - HDB flats 'good store of asset value' for those who plan ahead: Lawrence Wong

A Housing & Development Board (HDB) flat is a “good store of asset value” for those who plan ahead and make prudent housing decisions, National Development Minister Lawrence Wong said. His comments, made in a Facebook post on Wednesday (Apr 12), come in response to online debate over his comments that not all HDB flats will be eligible for the Selective En bloc Redevelopment Scheme (SERS). The minister said in a post on Mar 24 that he was “concerned” over the idea that some home buyers in Singapore were forking out high prices for older flats in the hope of benefiting from SERS. He also pointed out that when the leases for HDB flats run out, they have to be returned to the state. On Wednesday, Mr Wong noted that Singaporean couples enjoy significant subsidies when they purchase a HDB flat for the first time – whether it is a new or resale flat. “Take for instance a 30-year...

Full article: http://www.lushhomemedia.com/manage_posts/2017/04/12/hdb-...

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