Homes for singles continue to be a hot topic, on sites from Reddit to coffee shop talk. Of late, we’ve seen discussions about lowering the age requirement, as mentioned by Member of Parliament Pritam Singh (check out a Reddit discussion here), as well as complaints about restriction by type (e.g., no more than two-bedders in mature estates, or not in.
In the past year, we’ve seen a renewed surge of interest in younger couples who are buying older (40+ year old) HDB flats. This runs contrary to attitudes from five years ago, when HDB flats were often criticised as “99-year time bombs” (and let’s not even get into the debate over whether flats are really “just rented”!) But why is.
What’s a home buyer to do, in a time of rising prices across the board and Covid-19? The answer may lie in older resale flats. While lease decay is an issue, these flats also tend to be larger, more affordable, and located in generally more convenient mature locations. If you’re willing to trade some remaining lease for comfort and convenience,.
The resale flat market is booming in 2022, with prices rising for 19 consecutive months as of end-January. But just because there’s a surge in demand, that doesn’t mean every buyer will settle for any old flat (and neither should you!) With a record number of HDB flats reaching their MOP in 2022, you should have a good range to.
A few years ago, not many buyers would have been eager to buy a flat halfway through its lease. In fact, it was commonly pitched to HDB flat owners that they should quickly upgrade before depreciation took its toll. The attitude has shifted in the past few years, however, as resale flat prices surge past previous peaks because of demand.