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A Record 259 Million Dollar HDBs + 10.6% Price Increase In 2021: A Roundup Of The Property Market

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Dy Francisco III
Dy Francisco III
2 years ago

1) Will HDB flats be worth zero at the end of the 99-year lease?

2) If yes, WHEN will the rapid decline to zero likely begin?

3) Will a large number of old flats (whose value is declining to zero and increasing between 10,000 and 20,000 annually as leased is used) create a market overhang depressing the price of all types of residential properties?

Stacked Homes
Admin
2 years ago

Hey! Thanks for your questions. 1) Yes, any property at the end of 99 years would be worth $0. It would be unfair for previous owners who sold at market value knowing it’s going to go to $0, only for the last owner to then be compensated monies at the end of the lease. 2) No one knows this point yet as it hasn’t happened. We’re still seeing some 50-year old HDBs appreciate during market exuberance. 3) On point 3, assuming the government seizes the HDB and offers no recourse such as relocation, then the supply is essentially gone while demand remains -> prices go up.

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