What specifics to look out for when buying a resales HDB? I am looking for a place in mature area to stay and the flats are in general old and costly. I do want to sell it for a profit?

Hey! You should think carefully about your priorities first: size, location and age. Of all the types of properties out there, resale HDBs have the least chance of appreciating given it’s both restrictive and would’ve been purchased at market price.

Even more so when the HDB is old as the lease decay accelerates the older it is. You shouldn’t expect an old HDB to be profitable unless the tide lifts all boats like in 2007-13 I’m afraid. If you had to buy an old one, I would look for one with constantly high demand like those close to the MRT, otherwise you’ll be holding onto an old HDB where buyers would only purchase if the price is low.

I actually wrote an article in detail before on finding HDBs that would hold its value here. Hope it helps!