{"id":104371,"date":"2019-02-25T10:49:32","date_gmt":"2019-02-25T03:49:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-buyers-of-2-room-flexi-flats-are-seniors\/"},"modified":"2019-02-25T11:04:13","modified_gmt":"2019-02-25T04:04:13","slug":"most-buyers-of-2-room-flexi-flats-are-seniors","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-buyers-of-2-room-flexi-flats-are-seniors\/","title":{"rendered":"Most buyers of 2-room flexi flats are seniors"},"content":{"rendered":"


\nBuyers can look out for a new batch of 2-room flexi flats launching in Tengah, Woodlands and Kallang\/Whampoa in May.
\nSince 2-room flexi flats were introduced in November 2015, 16,169 units have been taken-up to date. Of this, 54 percent were purchased by those aged 55 and above, according to an update provided by the Housing and Development Board (HDB) on Friday (22 Feb).
\nIn turn, 91 percent of this age group opted for 2-room flexi flats with shorter leases ranging from 15 to 45 years (by increments of five years) due to the significant savings they offer.
\nHDB revealed that of the 7,945 buyers of units with shorter leases, most (2,545) went for 40-year leasehold flats. Another popular option is the 35-year lease (2,154), followed by the 30-year lease (1,344). In comparison, only 139 buyers chose the flat with the shortest lease of 15 years.
\nAmong the elderly buyers of such flats are Chen Yuxian, 58, and her husband Tan Hiok San, 68, who downsized from their 3-roomer in Chai Chee. Initially, the couple wanted to use the proceeds from the sale of their coffee shop business to purchase a bigger HDB flat with a 99-year lease.
\nBut they eventually bought a 2-room flexi flat with a 45-year lease for around $120,000. In comparison, a similar unit with a tenure of 99 years is priced from about $230,000 to $250,000.
\n\u201cWe don\u2019t really have much use for a 99-year lease as we have no children to pass the flat on to. Moving to a smaller flat was not a problem for us and we are still in Chai Chee, which we are very familiar with,\u201d Chen told the Straits Times.
\nTan noted that their move to a 2-room flexi flat with a shorter lease encouraged some old friends and former coffee shop clients to do the same.
\nAccording to HDB, it plans to offer 2-room flexi flats in Tengah, Woodlands and Kallang\/Whampoa during its next Build-To-Order (BTO) sales exercise in May. It also released 937 such units for sale in Sengkang at Jurong West during its sales exercise in February.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides. Can you afford an HDB flat? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Most buyers of 2-room flexi flats are seniors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers can look out for a new batch of 2-room flexi flats launching in Tengah,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104371","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-r9p","jetpack-related-posts":[{"id":46811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-room-flexi-flats-see-encouraging-response\/","url_meta":{"origin":104371,"position":0},"title":"2-room Flexi flats see encouraging response","date":"March 6, 2017","format":false,"excerpt":"\r Many elderly buyers have booked 2-room Flexi flats as they offer shorter leases. The Housing and Development Board (HDB) on Sunday (5 March) said that the 2-Room Flexi Scheme has received \u201cvery encouraging\u201d response, with 87 percent of the 6,070 units offered in four sales exercises already booked, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hbd-seniors-bought-over-50-of-new-two-room-flats\/","url_meta":{"origin":104371,"position":1},"title":"HBD: Seniors bought over 50% of new two-room flats","date":"February 10, 2020","format":false,"excerpt":"\r \u00a0 More than half of all new two-room flats were bought by senior citizens since the two-room Flexi Scheme was rolled-out in 2015, reported The Straits Times citing the Housing and Development Board (HDB). About 28,900 units of the two-room flexi flats were offered by the HBD since the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6992-flats-in-may\/","url_meta":{"origin":104371,"position":2},"title":"HDB launches 6,992 flats in May","date":"May 22, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Kim Keat Beacon BTO project in Toa Payoh. (Photo: HDB) The Housing and Development Board (HDB) launched 6,992 flats for sale on Tuesday (22 May) under its May exercise. This comprises 3,970 Build-To-Order (BTO) and 3,022 balance flats. More: 1,500 HDB Flats Launching In Tengah\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/May-2018-BTO-prices.jpg?fit=893%2C714&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":112306,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8170-flats-in-november-sales-exercise\/","url_meta":{"origin":104371,"position":3},"title":"HDB launches 8,170 flats in November sales exercise","date":"November 12, 2019","format":false,"excerpt":"\r This includes 4,571 BTO flats in Tengah, Ang Mo Kio and Tampines, as well as 3,599 flats under the Sale of Balance Flats scheme within mature and non-mature estates, like Bishan and Clementi. Image: HDB The Housing and Development Board (HDB) launched 8,170 flats for sale in the year\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101454,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/application-rate-for-2-room-flexi-flats-from-singles-down-to-4-4\/","url_meta":{"origin":104371,"position":4},"title":"Application rate for 2-room Flexi flats from singles down to 4.4","date":"November 20, 2018","format":false,"excerpt":"\r The application rate has steadily dropped in recent years due to HDB\u2019s efforts to ramp up the supply of two-room Flexi flats. The application rate for two-room Flexi flats from singles has steadily dropped from 8.5 in 2015 to 4.4 in 2018, revealed the Ministry of National Development in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8748-flats-for-sale-in-may\/","url_meta":{"origin":104371,"position":5},"title":"HDB launches 8,748 flats for sale in May","date":"May 18, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Woodleigh Hillside BTO project in Bidadari estate. (Image source: HDB) The Housing and Development Board (HDB) launched 8,748 flats on Thursday (18 May) in its latest sales exercise. They comprise 4,802 Build-To-Order (BTO) units spread across six projects in Woodlands, Yishun, Bidadari (Toa Payoh) and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104371"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104371"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104371\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}