17
May
2018
|
15:32
Europe/Amsterdam

What happens when HDB flats with short leases left are no longer assets?

Assoc Prof Sing Tien Foo, Director of the Institute of Real Estate at NUS School of Design and Environment, opined that buyers and sellers of HDB flats should come to term with the changing reality that flat values may not always continue to rise with time, and the government would also not always be there to “bail out” their ageing flats through the Selective En bloc Redevelopment Scheme.