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View Full Version : Loan for 40yr HDB Vs 40yr PC


radha08
02-10-12, 22:16
Just curious are the loan regulations the same for a 40 year old pc as compared to a 40 yr old HDB flat....i know if u buy a PC thats 40 years old got some loan restrictions and u need to fork out more $$ upfront does SAME apply to 40 year HDB flats that are purchased from open mkt with BANK loan??
ikan bilis
02-10-12, 22:18
i tot some1 here did say hdb is freehold... :D
radha08
02-10-12, 22:45
i tot some1 here did say hdb is freehold... :D

ya thats why i wondering...:rolleyes:
ikan bilis
02-10-12, 22:58
some1's "HDB is freehold" is a good description of HDB SER's endless lease top-up and new building structure.... plus somemore is like you can throw back hdb flats to housing board at 90% of valuation anytime ....

if i'm the bank... i would be more comfortable with a 40yr old hdb than a 40yr old LH99 condo... :D

(but i do not know how the bank value the 2 hor...)
radha08
02-10-12, 23:03
some1's "HDB is freehold" is a good description of HDB SER's endless lease top-up and new building structure.... plus somemore is like you can throw back hdb flats to housing board at 90% of valuation anytime ....

if i'm the bank... i would be more comfortable with a 40yr old hdb than a 40yr old LH99 condo... :D

(but i do not know how the bank value the 2 hor...)

ya i realised that we got a very loving and caring govt when our blocks reach 50 years old they help us by SERS....of course they also benefit.. u happy i happy...:cheers5:...anyway some many days never tcss now any rubbish topic also just tcss la...:D
Arcachon
03-10-12, 01:04
http://www.iproperty.com.sg/news/2749/'Landed'-HDB-units-fetch-top-dollar

Extremely rare, highly sought- after and only the cash-rich need apply.

'Landed' public flats, which come with an initial 99-year lease, are in hot demand, with some fetching cash-over-valuation (COV) of close to $100,000.

There are only 285 such units in Singapore and the scarcity of these two-storey terrace units, which are no longer built, explain why buyers are willing to pay the high COVs.

Located in Queenstown and Whampoa, these units come under Housing Board (HDB)rules. They were built in the 1960s by the Singapore Improvement Trust, the HDB's predecessor.

Those in Whampoa -along Jalan Bahagia, Jalan Ma'mor and Jalan Tenteram - were ready for occupation in 1972; the ones in Stirling Road, in Queenstown, were available in 1968.

Most are classified as three-room HDB units, that is, one living room and two bedrooms. Some Stirling Road units are four-roomers, with three bedrooms.

All started with a 99-year lease, so there are 61 years left for the Whampoa units and 57 years for Queenstown ones.

These units, which range from 840 sq ft to 3,000 sq ft, sold for about $12,000 to $21,000 back then.

Now, they are still seen as a sound investment. Current prices start at $570,000 and one was recently sold for $888,000.

Would-be buyers seem to be drawn to such units which - while pricier than typical surrounding high-rise HDB units - have 'landed home' qualities and are cheaper than private properties.

Added Ms Janice Chan, director of Asia Breeze housing agency: 'Although they are old estates...you are getting a landed property in a good location with amenities such as eateries and shops, which means residents can expect to retain value - hence the premium.'

Price comparisons per-square-foot (psf) may be difficult, given market fluctuations. But this year, a three-room HDB terrace unit in Stirling Road sold at $670 psf, while a nearby three-room unit in an HDB high-rise block went for $470 psf.

In comparison, a slightly bigger private unit in nearby Queens condominium went for $1,200 psf, while a much larger semi-detached house along Merino Crescent went for $970 psf

The high COV these places command could be a reason. She is currently overseeing the sale of a 2,400 sq ft unit in Jalan Bahagia for $888,000, that includes with a hefty COV of $98,000 over its valuation price of $790,000.

But new measures to cool the property market may dampen demand for these units, which still fall under HDB rules.

Another issue is that for HDB properties, the occupant is renting the space from the Government. Ms Chan of Asia Breeze said: 'For private properties, you own the title deed whereas for the
HDB units, you are a lessee. If HDB decides to take back the land, you’ll have very little choice.'

Source: The Straits Times © Singapore Press Holdings Ltd. Reprinted with permission.
Arcachon
03-10-12, 01:29
http://www.view2offer.com.sg/30270
Arcachon
03-10-12, 01:42
http://www.condosingapore.com/forums/showthread.php?t=10091
price
03-10-12, 01:42
http://www.view2offer.com.sg/30270
wow nice! and cheap! wonder how much loan tenor can this take?
Arcachon
03-10-12, 01:53
https://lh5.googleusercontent.com/-dT15BH6vGmk/UGsp057CpWI/AAAAAAAAIrg/ctI_X1WxnYg/s914/1349200336901.png
carbuncle
03-10-12, 08:41
hmmm for SER, height should have grounds to increase... some areas near airport or flight paths, if say point block already then will bit difficult. unless make into slab blocks at same height.

for HDB landed, aiya should have easy likelihood of SER ba.
thomastansb
03-10-12, 10:58
It is easy when they have 100 blocks of 50 years old HDB waiting to SERS. When they have 50,000 blocks hitting 50 years, I would want to see how they SERS.



ya i realised that we got a very loving and caring govt when our blocks reach 50 years old they help us by SERS....of course they also benefit.. u happy i happy...:cheers5:...anyway some many days never tcss now any rubbish topic also just tcss la...:D
ikan bilis
03-10-12, 11:54
It is easy when they have 100 blocks of 50 years old HDB waiting to SERS. When they have 50,000 blocks hitting 50 years, I would want to see how they SERS.

cannot SER then privatise it.... after that govt wash hand shiok shiok !!.... :spliff:

http://forums.condosingapore.com/showthread.php?t=15035


(BTW, we only have total <10,000 hdb blocks lah... 10,000 x 100 = 1mil hdb flats...)

:cheers4:
taggy
03-10-12, 13:32
It is easy when they have 100 blocks of 50 years old HDB waiting to SERS. When they have 50,000 blocks hitting 50 years, I would want to see how they SERS.

So maybe then Hdb flats have to wait longer to be eligible for SERS,
eg. Maybe now 40yr old flats get SERS,
In future they will say flats that are built later are better in quality, can use up to 60yrs old then SERS :D
Arcachon
04-10-12, 03:37
https://lh6.googleusercontent.com/-FMEICnbARNo/UGyTwll3lPI/AAAAAAAAItc/9RcFfc1n9Yg/s1280/1349292972292.png