When it comes to right-sizing, the assumption is that homeowners will sell their private property to move into a resale flat. However, that isn’t always the case. Some right-sizing homeowners actually opt for a smaller or older (and hence cheaper) condo unit instead. Just this week, we happened to speak to S, who sold her four-bedder to move into a...
When it comes to right-sizing, the assumption is that homeowners will sell their private property to move into a resale flat. However, that isn’t always the case.
S also says she prefers freehold property, unlike leasehold properties such as HDB flats. She feels this allows the property to hold its value, so she can always count on it for further gains* if she absolutely must sell. Another right-sizer we spoke to said that, while HDB flats have more facilities these days, condos are still generally best for large gatherings. He cited the clubhouse as being more comfortable than multi-purpose spaces at the void deck and says that the few BBQ facilities at flats are more tightly packed, and don’t accommodate family gatherings as well.
S intends to leave the property to her daughter , so a private property is ideal. S also feels her condo unit would appreciate more than a flat or at least, hold its value better, leaving a more sizeable legacy.Under the September 2022 cooling measures, those who sell a private property must wait 15 months before they can buy a resale flat .
“The condo was quite old, it was left to me by my late grandma. But I need the money for a business I’m starting with my wife, so we decided to sell it and downgrade.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A review of February 2023 Queenstown HDB BTOAround 730 units of 3-room and 4-room units in Queenstown will be available for balloting in the February 2023 BTO sales exercise. It’s also the second BTO project in Dover Forest, after the launch of the Ulu Pandan Banks BTO in the November 2022 BTO. If you didn’t get a queue number then, here’s your second chance. HDB hasn’t released...
Read more »
6 BTO and 15 resale flats acquired by HDB over breaches of minimum occupation period rulesThere was public outcry following reports in December 2022 about vacant BTO flats that were put up for sale online. Read more at straitstimes.com.
Read more »
Why are young Singaporeans turning their back on red roses this Valentine's Day?Despite red roses' association with love and passion on Valentine's Day. Some Singaporeans prefer anything other than red roses on this day. Here's why.
Read more »
6 BTO and 15 resale flats compulsorily acquired by HDB in last 5 years after owners flout rule on minimum occupation periodSINGAPORE — Over a period of about five years, enforcement action was taken against 25 property buyers who bought a flat directly from the Housing and Development Board (HDB) and violated the required minimum occupation period needed before they can sell the flat.
Read more »
Speaking of Asia Podcast: Vietnam War eyewitness on Asia’s new Cold WarWhy the Taiwan issue today is different from the political dynamics that framed the Vietnam War. Read more at straitstimes.com.
Read more »
Why the high cost of conflict may be the best hope for peace in the Taiwan StraitWhile some defence and China-US relations experts believe the costs of using force to bring Taiwan under mainland control would make it a last resort, they warn that war
Read more »