{"id":97136,"date":"2018-09-03T10:43:50","date_gmt":"2018-09-03T03:43:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-flat-prices-to-appreciate-but-not-as-fast-as-before-khaw\/"},"modified":"2018-09-03T11:02:49","modified_gmt":"2018-09-03T04:02:49","slug":"hdb-flat-prices-to-appreciate-but-not-as-fast-as-before-khaw","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-flat-prices-to-appreciate-but-not-as-fast-as-before-khaw\/","title":{"rendered":"HDB flat prices to appreciate, but not as fast as before, Khaw"},"content":{"rendered":"


\nMinister for Transport Khaw Boon Wan debunked claims that Housing and Development Board (HDB) flats are not assets due to their 99-year lease tenure by saying that buyers of a 50-year-old HDB unit can still expect prices to increase over the next 10 years, reported The New Paper.
\n\u201cIf you buy a 70-year-old flat, there is still appreciation potential especially because this government is prepared to continue to invest in it through Home Improvement Programme (HIP) II and the Voluntary Early Redevelopment Scheme (Vers),\u201d Khaw told over 200 youths at a grassroots event in Sembawang.
\nMore: Over 5,000 flats in HDB\u2019s\u00a0August exercise.
\nIn announcing various schemes to help older HDB flats retain their value for a longer period, Prime Minister Lee Hsien Loong revealed during the National Day Rally plans to expand HIP to cover more flats. Under HIP II scheme, each unit can expect to be upgraded twice, with the second round of upgrade to take place once the flats reach 60 to 70 years old. Vers, on the other hand, provide owners of older HDB units a chance to vote for their flats to be acquired back by the government prior to the expiry of their leases.
\nBut while HDB flats are appreciating assets, there would come a time when its value would start to depreciate, noted Khaw.
\n\u201cWhen will that turning point be? Year 80? Year 70? Year 90? I don\u2019t know,\u201d he said. \u201cThere are no market statistics for it.\u201d
\nHe explained that flat prices are increasing at slower rate now since economic growth is not as strong as it was in the past.
\n\u201cIn your parents\u2019 and grandparents\u2019 generation, we were lucky because we were transforming from third world to first world, so our economic growth was very strong. \u2026That\u2019s why you hear of your grandparents buying a flat for $30,000 to $35,000, and can now sell for about $400,000. So, it\u2019s an asset that appreciated significantly,\u201d said Khaw.
\nMore: 3 former cemeteries turned popular places in Singapore
\n\u201cYour generation is less likely to enjoy that same sharp rate of growth because the economy is now growing at two-three percent, which is very good for a matured economy\u2026 We can expect appreciation but not as fast as the one experienced by your parents and grandparents.\u201d
\n\u00a0
\nLooking to purchase a new home? Read our\u00a0in-depth reviews\u00a0of all new launches or check out our\u00a0buy\/rent guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB flat prices to appreciate, but not as fast as before, Khaw<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Minister for Transport Khaw Boon Wan debunked claims that Housing and Development Board (HDB) flats...<\/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-97136","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-pgI","jetpack-related-posts":[{"id":97202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-punggol-flats-a-hit-among-buyers\/","url_meta":{"origin":97136,"position":0},"title":"Waterfront Punggol flats a hit among buyers","date":"September 4, 2018","format":false,"excerpt":"\r The newly launched Housing Board flats in Punggol attracted more attention than those in Yishun, with 5,608 applications received for 1,221 three-room and bigger flats, or 4.6 times as many, as at 5pm on Monday (3 September), reported The New Paper. In Yishun, only three-room units were oversubscribed 1.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seniors-have-options-to-unlock-value-of-hdb-flats\/","url_meta":{"origin":97136,"position":1},"title":"Seniors have options to unlock value of HDB flats","date":"September 11, 2018","format":false,"excerpt":"\r Seniors may choose to rent our a spare bedroom or sell part of their lease back to HDB. HDB flats provide a nest egg to seniors for their retirement needs, and the authorities have introduced many schemes and programmes to monetise such properties by then, according to National Development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96301,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-improvement-programme-to-be-expanded-to-benefit-230000-hdb-flats\/","url_meta":{"origin":97136,"position":2},"title":"Home Improvement Programme to be expanded to benefit 230,000 HDB flats","date":"August 19, 2018","format":false,"excerpt":"\r View of HDB flats in Toa Payoh. In his National Day Rally speech on Sunday (19 Aug), Prime Minister Lee Hsien Loong said the Housing and Development Board\u2019s Home Improvement Programme (HIP) will be expanded soon to cover HDB flats built between 1987 and 1997. Started in 2007, HIP\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96393,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lease-buyback-scheme-to-be-extended-to-all-hdb-flats\/","url_meta":{"origin":97136,"position":3},"title":"Lease buyback scheme to be extended to all HDB flats","date":"August 21, 2018","format":false,"excerpt":"\r Elderly owners of large Housing and Development Board (HDB) flats can look forward to monetising their flat by selling part of their remaining lease to the government. \u00a0This comes as the Lease Buyback Scheme (LBS) will now be extended to all HDB flats, including five-room and bigger units, to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-9-in-2018\/","url_meta":{"origin":97136,"position":4},"title":"HDB resale prices down 0.9% in 2018","date":"January 2, 2019","format":false,"excerpt":"\r HDB resale flats in the Ghim Moh area. Resale prices of HDB flats dropped by 0.9 percent for the whole of 2018, revealed the Housing and Development Board (HDB) on Wednesday (2 Jan). For the fourth quarter of 2018, resale flat prices dipped by 0.2 percent from the previous\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/","url_meta":{"origin":97136,"position":5},"title":"HDB resale prices dip 0.1% in Q3","date":"October 29, 2018","format":false,"excerpt":"\r HDB resale prices have been lacklustre due to the large supply of unsold BTO flats, says one analyst. Despite a higher number of transactions, resale prices of HDB flats dipped by 0.1 percent in Q3 2018 on a quarterly basis, said the Housing and Development Board (HDB) on Friday\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\/97136"}],"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=97136"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97136\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}