Property Views

[TheAnswer]

Ikid:

TheAnswer:

Now need to get approval.. Machiam HDB become my father.. Have to ask for permission.. Got permission liao then buy.. We got permission so buy lor..

May I ask why need HDB's approval when the MOP (ie. 5 years) is met?
Not automatic eligible? If HDB is fully paid and met MOP also need HDB's written approval?

Not automatic. Need written approval.

[Ikid]

TheAnswer:

Ikid:

[quote=\"TheAnswer\"]Now need to get approval.. Machiam HDB become my father.. Have to ask for permission.. Got permission liao then buy.. We got permission so buy lor..

May I ask why need HDB's approval when the MOP (ie. 5 years) is met?
Not automatic eligible? If HDB is fully paid and met MOP also need HDB's written approval?

Not automatic. Need written approval.[/quote]Hi hi, I have called HDB today to clarify, was advised, as long as flat owners are Singapore citizens, meet MOP, can go ahead to buy private housing, don't need written approval.

Unless flat owners did not meet MOP but want to buy, then need to write to HDB to appeal. I guess cases like if flat owner spotted one good investment but owned HDB for 4.5 years only, so cannot wait another 6 months to buy private then need to seek approval.

Can you share under what circumstances did you seek HDB's written approval?

[Ikid]

Can someone share your views, is it true private condo (99-years) will have a better capital gain as compared to a 99-year HDB flat?

[TheAnswer]

Ikid:

TheAnswer:

Not automatic. Need written approval.

Hi hi, I have called HDB today to clarify, was advised, as long as flat owners are Singapore citizens, meet M
OP, can go ahead to buy private housing, don't need written approval.

Unless flat owners did not meet MOP but want to buy, then need to write to HDB to appeal. I guess cases like if flat owner spotted one good investment but owned HDB for 4.5 years only, so cannot wait another 6 months to buy private then need to seek approval.

Can you share under what circumstances did you seek HDB's written approval?

I saw on HDB website need approval. Agent asked me to get approval from HDB in case. Our HDB already fully paid up. We did not write to appeal.

[sleepy]

I called hdb too. No need prior approval if SC and meet MOP

[TheAnswer]

Prefer to have black and white documents.

[starlight1968sg]

Ikid:

Can someone share your views, is it true private condo (99-years) will have a better capital gain as compared to a 99-year HDB flat?

Not sure if am answering your qn;
a 1st hand 5rm hdb flat bought in say late 1990s cost abt 200k, is probably worth 500k now. So the gain is > than 100%.
Can a private condo also gain such?

[lee_yl]

Assuming a 99-yr HDB and 99-yr condo bought about the same time.


First 40 years, 99yr condo should appreciate faster than HDB. But after certain years, with a short remaining lease, the 99-yr condo prices will depreciate to zero. HDB will never depreciate to zero.

If both kena enbloc, then definitely the private will earn more.

[lee_yl]

I have been following the property market for district 11 and 12.


I notice that for the past 12 months, the rental market has weakened significantly. Just one year ago, the owners were still asking for high rental but willing to negotiate. This year, quite a number of landlords lowered their asking rental without any prompting, maybe they sense a weak rental market. There are plenty of brand new shoebox units (below 506 sqft) flooding the market. After deducting the maintenance fees, agent fees and taxes etc, return probably less than 3% pa.

For resale prices, the owners are still not willing to lower their asking prices. Going at the asking price, the rental is not enough to cover the mortgage payment.

[MrsKiasu]

Same here…I find that rental at D9 & D10 has dropped significantly. More badly hit ones will be the bigger units and those developments next to construction site. Their asking rental can be same or even lower than a smaller unit in the same development if the block is nearer to the construction site.


For bigger and newer development, sometimes can see that their rent psf is about the same as the older development that maybe has more facilities. But the selling price hor can be a few hundred dollars more psf plus their higher (?) maintenance fee, it can easily push the return to below the 3% level.