Recently, there is public concern over what will happen to old HDB flats with less than 60 years in their remaining lease.
There are 4 important lessons we learned from this matter. I will cover them in details in this podcast:
Lesson #1: HDB flats is for your stay, not for investment.
Lesson #2: The days of making big profits from HDB flats are over.
Lesson #3: HDB is a home. It is unrealistic to find the best time to sell it.
Lesson #4: You own your flat under HDB. You can’t decide its fate.
Watch the YouTube video below and share with me your thoughts. Don’t forget to subscribe to my YouTube channel.
Dear PropertySoul,
Been watching your youtube videos and the last one was about the Ep #5 Four Lessons learnt From Old HDB Flat. Fully agree with you on your analysis that if one is looking for selling the HDB with a good profit, The days are probably over or it will be not as common as before.
However, I was looking for some resale HDB, and looking at the rental yield, i realise that it could be as good as 5.5-6%. In this way, would you still consider HDB as a good investment?
Strictly speaking, HDB is not an investment because of all the regulations and restrictions from the government. You can only treat it as some “supplementary income” if the flat is rented out and you are comfortable managing the tenants.
You should also calculate the net return rather than the gross rental return.
And make sure that you comply with the guidelines from HDB -> http://www.hdb.gov.sg/cs/infoweb/residential/renting-out-a-flat-room/renting-out-your-flat
Hi,
How abt reviewing The Straits Times issue of Saturday May 26 2018?
Why ?
1. Out of 130 odd pages, a devastating 30 or so pages ( a handful were half or three quarter pages and there was even one double spread) were fully coloured and devoted to advertising of local properties either as new launches or as relaunches.
2. There were also a spankling of mostly quarter page ads on overseas properties… a very far cry from the hey days of yester years when foreign property exhibitions were the rage
3. So besides investing in properties, your readers and followers couod perhaps consider equities such as SPH and the furniture and white goods suppliers ( Courts ) as sure win proxies for those who missed out on the recent property runs and yet are too afraid that things may not be as rosy as what the media hype eould have us believe.
Surely your readers ( myself included ) would love to know your views based on the above casual observation. Has the tide has finally turned or that a new wave of tsunami surpluses is about to hit the markets ?
Thank you as always in advance of your anticipated response.
Regards
cobwed
Thanks for sharing your observations. SPH quarterly numbers are getting worse. They desperately need advertisers who still use traditional print media. Except property developers, who will buy so much ad spaces on weekends?
As I mentioned during my last “Meet the Blogger Session” and the “2018 Singapore Property Market” video, it takes some time for enthusiastic buyers in a hot market to realize that there are countless new projects queuing up to be launched. Prices will be jerked up before tampering off. Projects managed to launch first have much better luck than those launched in subsequent phases.
Very educational indeed! Presently, I’m a Senior District Director with HSR International Realtors Pre Ltd. I’m in real estate business for the past 23 years and I have joined several real estate companies before joining HSR. Prior to my real estate business I was working with HDB as a Resettlement Officer but I opted for ‘ early retirement scheme’ with compensation from HDB. The Long & Short of it ALL is I have many interesting stories to tell…
nice vedio and your lesson amazing