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In the past year, we’ve seen a renewed surge of interest in younger couples who are buying older (40+-year-old) HDB flats. This runs contrary to attitudes from five years ago when HDB flats were often criticised as “99-year time bombs” (and let’s not even get into the debate over whether flats are “really just rented”!) But why is it happening? Here are some possible reasons:
- High homeownership rates reduce legacy needs
- HDB flats depreciating slower than theories suggest
- Trending gentrification
- The oldest flats tend to be bigger (for 5-room flats at least)
- Changing perspectives of flats as assets
- Optimism about flats being just a temporary home
For the full article, please visit: https://stackedhomes.com/editorial/old-hdb-flats-are-being-snapped-up-by-young-singaporeans-but-why/?utm_source=youtube.com&utm_medium=description&utm_campaign=opinions_uOa7zRXGPkM
00:00 - Intro
00:56 - High homeownership rates reduce legacy needs
03:20 - HDB flats depreciating slower than theories suggest
04:34 - Desire for authenticity
05:45 - The oldest flats tend to be bigger
06:35 - Changing perspectives of flats as assets
07:39 - Optimism about flats being just a temporary home
09:54 - Outro
Cover image credit: https://www.instagram.com/limliakstories/
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Stacked is an online editorial aimed at helping Singapore home buyers, sellers, and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling, or renting Singapore real estate.
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