Commentary

Is A HDB Flat Oversupply Inevitable In The Future? What Happens When Our Parents Generation Passes On

  • October 20, 2022
  • 8 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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Lai
Lai
7 months ago

Hi,
Regarding this article, on inheritance of parents flat. Can I check if it makes any difference if the flat is bought under SERS program and purchased before 30th Aug 2010.
I am holding a private property and wonder how the inheritance rules applies to SERs purchased flat?
Appreciate if you could advise.

Tomas
Tomas
7 months ago

#3 is the worst idea of the bunch. Why should private property owners be allowed to also own a HDB with impunity, if HDBs are meant to be affordable public housing?

Make them pay the ABSDs and contribute to nation building!

Cecilia
Cecilia
5 months ago
Reply to  Tomas

I agree. I feel that anyone who can afford to own a private property shouldn’t be allowed to own a HDB even if they are staying in the HDB while renting out their private property. The government should have a law that make those who are currently doing that sell their HDB flat or their private property(ies). In this manner, there will definitely be a drop in prices of property in Singapore making it more affordable for those who are sincere in owning a property. If the rich can afford several private properties, by all means go ahead. But some rich people apply for HDB and after 5 years, they sell for a profit while staying in private houses during that period. Just like a recent news of one unit of ‘Blank Canvas’ BTO flat in Bukit Batok.

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