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14-08-2013, 12:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Henry Lim
The Straits Times
Tuesday, Aug 13, 2013
Forum
SINGAPORE - There has been high demand for the newly launched Build-To-Order two-room Housing Board flats for singles.
Buyers are entitled to various housing grants, which can lower the price of such flats to about $50,000. For singles who apply jointly, the net price is even lower, at about $16,000.
Hence, the flat may be viewed as a good long-term investment for eventual resale or rental.
In contrast, the price of a similar studio apartment for seniors aged above 55 is about $90,000.
The studio apartment comes with wardrobes, kitchen cabinets and flooring, but it is still difficult to comprehend why there is such a big price difference. Studio apartments are also on a 30-year lease, and owners are not allowed to rent out or resell the units.
Some seniors are unemployed and may have financial difficulty in purchasing a studio apartment. The price of such units should be reviewed.
Can the HDB also enlighten us on the price differential between a new two-room flat and a studio apartment?
-Henry Lim
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?159730-PAP-caught-red-handed&goto=newpost).
Henry Lim
The Straits Times
Tuesday, Aug 13, 2013
Forum
SINGAPORE - There has been high demand for the newly launched Build-To-Order two-room Housing Board flats for singles.
Buyers are entitled to various housing grants, which can lower the price of such flats to about $50,000. For singles who apply jointly, the net price is even lower, at about $16,000.
Hence, the flat may be viewed as a good long-term investment for eventual resale or rental.
In contrast, the price of a similar studio apartment for seniors aged above 55 is about $90,000.
The studio apartment comes with wardrobes, kitchen cabinets and flooring, but it is still difficult to comprehend why there is such a big price difference. Studio apartments are also on a 30-year lease, and owners are not allowed to rent out or resell the units.
Some seniors are unemployed and may have financial difficulty in purchasing a studio apartment. The price of such units should be reviewed.
Can the HDB also enlighten us on the price differential between a new two-room flat and a studio apartment?
-Henry Lim
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?159730-PAP-caught-red-handed&goto=newpost).