Resale HDB Old HDB Flats Are Being Snapped Up By Young Singaporeans, But Why?

  • March 4, 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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Astrid
Astrid

Not that we dun want to buy new BTO but they are not building fast enough to meet demands especially these two years. 5 years already long and another 2 more years …..

caseyaff
caseyaff

why so desperate buy new? what’s wrong with 30 y.o property? Older property is much lower density (plot ratio 2.8 vs PR 6.5, hello? ) , is bigger and cheaper.

Stacked Homes
Stacked Homes

Hey! There’s nothing wrong with old/older properties, it’s just a personal preference. Some like new properties as they could also be situated in newer environments, with a more modern architecture or style 🙂

asher
asher

hi, would you consider correcting the chart in Pt. 2 (4 Room Flat Price per Lease Remaining) for the average flat size of flats in each era? In effect, the graph will become “4 Room Flat PSF per Lease Remaining”. Intuitively there might be a significant difference considering that older flats were larger in size.

Stacked Homes
Stacked Homes

Hello! Thanks for raising this point. We are aware that using $PSF would account for size but chose to show prices instead for simplicity since both show similar patterns. For completeness, we have charted out the $PSF vs age for resale HDBs in an update to this article: https://stackedhomes.com/editorial/older-hdb-flats-dont-depreciate-as-quickly-as-you-think-heres-what-the-numbers-show/

Thanks!

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