What to do when my HDB is reaching 99 years? | 99 Perspectives
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- čas přidán 30. 07. 2024
- Is it a potential time bomb for home ownership?
In this episode, we are going to discuss what it's like when your HDB flat turns 99 years old. What does it mean for you? What should you take note of if you are planning to buy a resale flat? If you're reaching the 30 years and 60 years stage, what's your the action plan and what should you consider?
#99co #99perspectives #hdb
[Timestamp]
0:00 Introduction
0:56 What is the 99-year lease?
1:35 Developments nearing 99 years
1:56 Selective En Bloc Redevelopment Scheme (SERS)
2:39 Ang Mo Kio SERS case study
3:48 Should homeowners wait for SERS to happen?
4:44 Lease buyback scheme
5:23 Voluntary early redevelopment scheme (VERS)
6:20 Life stages - 30 years
9:37 Life stages - 60 years
10:49 Outro
Read more www.99.co/singapore/insider/a...
If you are interested in purchasing a resale HDB flat, click on the link below!
www.99.co/singapore/sale/hdb
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What is the problem? Every house with a leasehold will expired after a certain period of time. Even if you buy a freehold property, you are only free to hold the title but not the land. If URA decide to take back, they will offer u some compensation and take back the land from you. People said things like as if you buy a home with a lease hold of 99 years, they must do something to extend your lease when it is near its expiry. You should foresee what the future hold for you and plan accordingly. That's life.
Fantastic Perspective!
Waiting for the Aug BTO bukit merah havelock video! Is it going to be out soon? :>
when the Aug 2022 launching ah ? Sept ?
I will choose to stay put at my current area
Verdict: VERS is a big black hole of unknown
No uncertainty lah. Once it reaches 99 years, zero value liao
tbh most ppl in sg probably won't live past the average life expectancy of 83 yrs.
Don’t have to worry so much, once ended you’ll get a new flat. Great especially if you get it in central location.
Nobody know
@@blessing99999 just imagine the whole block of people left on the streets. That won’t happen…
@@LordBagdanoff u will also never know,, this property in Singapore is high demand.. price is rising,, people hunting for property that left only 40-50 years then expect to get enbloc.. now stamp tax property for foreigners is 60% 🤣,, to foreigners is just doesnt make sense.. and what happen next is,, price drop,, no Enbloc,,,
@@blessing99999 won’t happen luh
85% Singaporeans are the HDB tenants. Singapore government will not and cannot forsake them when the lease expires on the 99th year, for they can just vote them out in the election.