18 Apr 2019
Cheaper, less depreciation for >40y flats vs expensive, potential appreciation/higher depreciation for <10y flats
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I think it depends on your choice of living standards.. some don't mind old estates bc of its established amenities for a more convenient and comfortable stay.. if u read around, actually there are alot people who buy resale from old estates for the reason as the intention is purely for staying.. u can also choose to sell back your old estate to hdb I think to downgrade to studio apartment for retirement..
05 Mar 2019
Director at Jimtay.com
Hey! When buying an older flat, I second Zuhdy that you have to be sure that you won't need to sell either to cash out for retirement, or to upgrade to a new one.
Make sure that you don't outlive the remaining lease of your flat too!
Reason is because a HDB flat with a short lease depreciates very fast and is going to be very difficult to resell again.
A newer flat however, can still retain it's value well.
I would recommend not overstretching yourself though, if it's your first property. Go smaller, and upgrade later when the need comes.
03 Mar 2019
Real Estate at National University of Singapore
Unless you are extremely sure that you will not be selling this flat and moving to a new one, I woul...
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