{"id":46811,"date":"2017-03-06T10:50:16","date_gmt":"2017-03-06T03:50:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-room-flexi-flats-see-encouraging-response\/"},"modified":"2017-03-06T10:58:53","modified_gmt":"2017-03-06T03:58:53","slug":"2-room-flexi-flats-see-encouraging-response","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-room-flexi-flats-see-encouraging-response\/","title":{"rendered":"2-room Flexi flats see encouraging response"},"content":{"rendered":"


\nMany elderly buyers have booked 2-room Flexi flats as they offer shorter leases.
\nThe 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 Channel NewsAsia.
\nThe four sales exercises involved one each in February and May 2016, and two in November 2015.
\nElderly buyers accounted for 45 percent of those who booked the flats, while the rest were singles and families. Of the elderly buyers, 85 percent opted for shorter leases.
\nThis comes as the scheme provided elderly buyers aged 55 and above with flexible lease options ranging from 15 to 45 years, in five-year increments. Flat prices vary based on the lease tenure, and elderly buyers pay for the units via cash or CPF savings, instead of a mortgage loan.
\nWith 697 bookings, the 40-year lease emerged as the most popular option. The 35-year lease was the second most popular with 599 bookings, followed by 30-year leases with 344 bookings.
\nNicholas Mak, Head of Research and Consultancy at SLP International, noted that the flexi-lease scheme appealed to retirees since it offered them a feasible option to downsize.
\n\u201cWith this flexi scheme, the elderly get to monetise their existing four- or five-room flats by selling it and then buying another one\u2026They still get to live in a place of their own,\u201d said Mak, who was quoted by The New Paper.
\n\u201cA lot of money and CPF are tied up in their flat, so by buying small and selling big, they can draw some money out,\u201d he added.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…2-room Flexi flats see encouraging response<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many elderly buyers have booked 2-room Flexi flats as they offer shorter leases. The Housing...<\/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-46811","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-cb1","jetpack-related-posts":[{"id":114153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hbd-seniors-bought-over-50-of-new-two-room-flats\/","url_meta":{"origin":46811,"position":0},"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":104371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-buyers-of-2-room-flexi-flats-are-seniors\/","url_meta":{"origin":46811,"position":1},"title":"Most buyers of 2-room flexi flats are seniors","date":"February 25, 2019","format":false,"excerpt":"\r Buyers can look out for a new batch of 2-room flexi flats launching in Tengah, Woodlands and Kallang\/Whampoa in May. Since 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-bto-flats-with-shorter-waiting-time\/","url_meta":{"origin":46811,"position":2},"title":"HDB to offer BTO flats with shorter waiting time","date":"July 20, 2017","format":false,"excerpt":"\r \u00a0 To help young couples get their new homes sooner, the Housing and Development Board (HDB) will introduce a new sales mode for balance flats and will start the construction of select build-to-order (BTO) projects ahead of their launch. The Housing Board plans to launch for sale the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59709,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elderly-private-property-owners-can-buy-hdbs-two-room-flexi-flats\/","url_meta":{"origin":46811,"position":3},"title":"Elderly private property owners can buy HDB\u2019s two-room flexi flats","date":"July 4, 2017","format":false,"excerpt":"\r \u00a0 Private property owners are generally not eligible to acquire new Housing and Development Board (HDB) flats. This comes as new HDB flats are heavily subsidised, hence, the government \u201cprioritise such housing for those who need them more, such as first-time homebuyers and households who cannot afford private housing,\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-may-see-more-smaller-homes-shorter-lease-units-experts\/","url_meta":{"origin":46811,"position":4},"title":"Singapore may see more smaller homes, shorter-lease units: Experts","date":"July 8, 2021","format":false,"excerpt":"\r Singapore may see more smaller homes, shorter-lease units: ExpertsSmaller household growth and an ageing population could see more smaller homes with shorter leases in the future. Singapore\u2019s future housing landscape may feature more smaller homes with shorter leases, on the back of the growing number of smaller family units,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/punggol-hdb-flat.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":47147,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-help-for-first-time-home-buyers-the-elderly\/","url_meta":{"origin":46811,"position":5},"title":"More help for first-time home buyers, the elderly","date":"March 8, 2017","format":false,"excerpt":"\r First-time home buyers will now be able to get a flat earlier. Young couples looking to buy their first home can now look forward to shorter waiting time of two-and-a-half years, with construction of the first batch of 1,000 flats in non-mature estates to commence ahead of their launch\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\/46811"}],"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=46811"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/46811\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=46811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=46811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=46811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}