How will newly launched BTO in Bishan affect the resale prices of the older flats in the neighbourhood?

What will more likely affect the price of resale flats is the growing acceptance of reality by Singaporeans that HDB flats are basically DEPRECIATING assets because of the 99-year lease (despite HIP1 and HIP2). The value of the flat is based MAINLY on the REMAINING lease. HDB's Lease Buyback Scheme (LBS) proves it. Minister Lawrence Wong made it clear that the value of a flat at the end of the lease is ZERO. This is a FACT (not an assumption) because it will no longer have any use to the owner because it has to be returned to HDB without compensation. HDB CEO also reminded buyers of resale HDB flats to take into account the age of the flat, i.e. the older the flat (the lower the remaining lease), the lower its fair price. HDB flats are DEPRECIATING daily as it gets older and there are tens of thousands of them going past 3O years old every year. A 30-year old flat (69 years remaining) CANNOT be worth more than 69% of the price of a NEW flat (with the full 99-year lease) of the same size and in the same estate. It is actually worth less than this because it is a much older flat. Actually, it is easy to get the FAIR VALUE of any HDB flat, ask the owner to approach HDB and offer to sell back to HDB HALF of the REMAINING lease under the LBS scheme. The fair value of the old flat is TWICE the amount offered by HDB (for half the remaining lease). Resale HDB flats are all grossly OVERVALUED and the price can only go down sharply as more and more Singaporeans stop dreaming and face reality.

Hi anon, as the BTO will only TOP in 2025, that is still 6 years away.

You might want to consider the following factors:

• Will you still be in your current job in 6 years?

• Are you willing to wait 6 years for the BTO?

• When the BTO is launched, will you still meet the income ceiling requirement?

• What is the remaining lease of the resale flat should you choose this route?

If it was for the purposes of proximity, personally I would want to move in sooner than later. It still takes anywhere from 3 months to 1 year to move in after you find a resale flat, especially if you wish to renovate.