How to solve old HDB flats falling values and demand


Tan Kin Lian asks,

At present, young people cannot use CPF to buy old HDB flats with a remaining lease of less than 60 years.

This has caused the prices of these old flats to fall sharply. Even so, the owners cannot find a buyer at a fair price. They have to take a very big cut. If they bought the flat on resale and paid a high price, they would suffer a large loss.

What can be done about this problem?

Gilbert Tan TS This problem very easy to solve. Just change HDB rules to allow buyers to use CPF until at least 20 years lease left. Can use CPF and get Bank loan. Automatically the resale HDB market will rebounce and demand will come back.

Author: Gilbert Tan TS

IT expert with more than 20 years experience in Multiple OS, Security, Data & Internet , Interests include AI and Big Data, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader. I am capable of finding any answers in the world you want as long as there are reports available online for me to do my own research to bring you closest to all the unsolved mysteries in this world, because I can find all the paths to the Truth, and what the Future holds. All I need is to observe, test and probe to research on anything I want, what you need to do will take months to achieve, all I need is a few hours.​

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