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East Coast Park to get more facilities, open spaces

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East Coast Park will be upgraded with more open spaces and amenities when improvement works at three sites are completed by end-2019, the National Parks Board (NParks) announced yesterday.

The sites where the former Goldkist Chalets, Big Splash and Raintree Cove are located will be turned into nodes – centres of activity for people to congregate around – that will help spread out human traffic to the other parts of the park.

The park – Singapore’s largest and most frequented – is visited an average of 7.5 million times each year. Currently, the most popular area for park visitors is at Marine Cove, which was redeveloped and opened to the public in June last year.

Said NParks’ group director of parks development Kartini Omar: “Our focus right now is on this area because it is currently heavily used, very well utilised and very crowded. A lot of Singaporeans can testify that this area can become very congested, especially during weekends and public holidays.

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“Therefore, we see this need to redistribute and spread out the crowds and reduce congestion in these high-activity zones so everyone can have a better experience at the park.”

The former Goldkist Chalets will become a new bicycle park with “cycle-through” food and beverage offerings, workshop spaces and cycling circuits. It will serve as a pit stop for cyclists using the 150km Round Island Route, said NParks’ statement. Personal mobility device users are also welcome to use this cyclist park.

  • WHAT’S IN STORE

    GOLDKIST CHALETS: Bicycle park with “cycle-through” food and beverage outlets , workshop spaces and cycling circuits

    RAINTREE COVE: Open lawns for sports and leisure activities.

    BIG SPLASH (above): Water play area and vertical playground

Raintree Cove, where the iconic Long Beach Main Seafood Restaurant used to be, will feature open lawns for sporting or leisure activities, providing respite from the crowded Marine Cove nearby.

The revamped Big Splash site will feature a water play area that the former theme park was once known for, along with a vertical playground that comes equipped with regular slides. This playground will be converted from the existing Big Splash building.

In all, around 8ha of land will be redeveloped and progressively completed by 2019.

Emeritus Senior Minister Goh Chok Tong launched an exhibition showcasing the improvement works at the park’s Parkland Green, also another recent redevelopment across Parkway Parade mall, yesterday.

Said ESM Goh: “NParks has done well to transform our recreational landscape and parklands, to enhance Singaporeans’ mental and physical well-being. My challenge to NParks is to make East Coast Park a beloved national icon and transcendent experience.”

Some frequent parkgoers, like software engineer Matt Yong, 28, said the changes to spread out human traffic at the park might work, but the construction period means he will be deprived of his favourite spot in the park – Big Splash – for around two years.

But others hailed the move to rejuvenate older icons like Big Splash for a younger crowd.

Said retiree Ong An Heng, 70, who used to visit the former water theme park with his family: “My grandchildren don’t even know that the building has a nice history. It was the first water park in Singapore. I’m happy it may be seen as one again.”

Read Story from Straitstimes 29 July 2017 | 9:00 pm

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New HDB flats: Why singles pay $15k premium

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Reader Stanley Ong asked why singles have to pay a $15,000 premium over married couples when applying for a two-room Housing Board flat under the Single Singapore Citizen Scheme.

Housing reporter Ng Jun Sen answered.

When anyone buys a new Housing Board flat, he or she already enjoys subsidies that have already been factored into the flat’s price.

But this subsidy is meant to benefit a couple, or at least two occupants, said the HDB.

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Without the $15,000 premium, some might ask why singles who live alone should enjoy the same subsidies as two or more occupants.

So when single Singaporeans book a flat under the Single Singapore Citizen Scheme, the price difference accounts for the fact that they are the sole beneficiaries of the subsidies.

Said an HDB spokesman: “All new HDB flats are sold at a subsidised price with the subsidies intended to benefit a couple.”

The spokesman also explained that singles who subsequently marry another citizen or a Singapore permanent resident can apply for the CPF Housing Top-Up Grant after marriage and enjoy the same subsidy as a family.

This means that single home buyers who get married later will be able to get back the $15,000, which will be credited to their CPF Ordinary Accounts.

The rationale also applies to the difference in housing grants between singles and couples, such as the Additional CPF Housing Grant (AHG) and the Special CPF Housing Grant (SHG).

Said the spokesman: “When buying a flat from the HDB, eligible first-timer singles can enjoy an AHG and SHG of up to $40,000, half of the quantum for eligible first-timer families.”

The scheme to allow eligible singles aged 35 and above to buy new HDB flats kicked in from July 2013. They may buy only new two-room flexi flats in non-mature estates on a full 99-year lease.

Before then, singles could buy only from the resale market with grants that were also half that for couples.

Read Story from Straitstimes 30 June 2017 | 9:00 pm

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3 sites put on market could yield nearly 2,000 homes

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Three sites were put on the market yesterday that could yield 1,955 homes in total.

Analysts expect one of the sites, in Woodleigh Lane, will draw the strongest interest from developers.

It is next to Woodleigh MRT station, adjacent to the Bidadari New Town and near amenities such as Nex shopping mall. Schools in the area include St Andrew’s Secondary, Cedar Girls’ Secondary and Maris Stella High. The 19,547 sq m site has a maximum gross floor area of 58,641 sq m.

This tender could draw about 10 to 16 bids, said SLP International research head Nicholas Mak, with a top offer in the $473 million to $524 million range, or $750 to $830 per sq ft per plot ratio.

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The second site launched is at Serangoon North Avenue 1, near Chomp Chomp Food Centre, Serangoon Garden Market and Nex mall. Rosyth School, Nanyang Junior College and Lycee Francais de Singapour are also nearby.

While not close to an MRT station, the 21,494.4 sq m site is near the French international school, noted Dr Lee Nai Jia, the head of research at Edmund Tie & Company.

“It will attract young families whose parents live in Serangoon Gardens and mature families seeking to downsize from landed homes.” The proposed project will also attract owners who are upgrading from HDB homes nearby, Dr Lee said. He expects the winning bid to come in around $850 to $950 per sq ft per plot ratio, or about $393 million to $439 million.

The sites at Woodleigh Lane and Serangoon North Avenue 1 are on the confirmed list.

SERANGOON SITE

It will attract young families whose parents live in Serangoon Gardens and mature families seeking to downsize from landed homes.

DR LEE NAI JIA, the head of research at Edmund Tie & Company, on the site launched at Serangoon North Avenue 1.

The third plot, in Yishun Avenue 9, is on the reserve list so it goes to tender only when a developer submits an acceptable minimum bid.

The 21,514.8 sq m site is within an established HDB town and near Northpoint Shopping Centre and Junction Nine. It is also close to several schools such as Chongfu and Northland Secondary, but relatively far from Yishun MRT station, said Mr Mak. He said there are a number of large factories close by, which could lower the site’s appeal.

Mr Mak said three more reserve list sites, all in more popular residential locations, will be open for application next month and could overshadow the Yishun site.

Still, the Yishun site is well connected via major arterial roads and potential upgraders might be attracted to the project given its affordability, said Dr Lee, who expects the winning bid to range from $480 to $540 per sq ft per plot ratio or about $311 million to $350 million.

The sites launched yesterday are all on 99-year leases and offered under the Government Land Sales Programme for this half of the year.

Read Story from Straitstimes 30 May 2017 | 

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Private home resale prices down in April

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Condo resale prices took a dip last month despite a positive turn in March, possibly as buyers look towards new projects instead.

Values fell 0.6 per cent from March to April, said flash estimates of the NUS Singapore Residential Price Index (SRPI) out yesterday. The drop reversed the 0.8 per cent rise in values from February to March.

R’ST Research director Ong Kah Seng said the dip was within expectations. Although sentiment may have improved, he said: “The exuberance in buyers’ sentiments has been more significant at the developer sales segment, rather than for resale properties. Buying interest remains realistic for resale properties. Buyers focus on getting value for money or opportunistic investments for resale properties.”

OrangeTee’s head of research and consultancy Wong Xian Yang said the weak rental market and tepid economic outlook have continued “to exert downward pressure on prices despite improving sentiments”.

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The central region recorded a 0.5 per cent decline in April, overturning a 0.8 per cent increase from February to March. The index defines this region as districts one to four, including the financial district and Sentosa Cove, as well as the traditional prime districts of nine, 10 and 11.

The data excludes small units, which have a separate index. Prices for small apartments – those with a floor area of up to 506 sq ft – grew 0.7 per cent last month, down from a 1.3 per cent growth in March.

Completed units in the non-central region dipped 0.7 per cent from March to April, reversing the 0.7 per cent increase in February to March.

Since the price peak in July 2013 after the 2008 global financial crisis, prices have gone down 13.8 per cent. Mr Ong added: “Many property buyers still prefer to use or reserve total debt servicing ratio limits for a developer sale, which is generally more modern and well-designed.”

Mr Wong also noted the market is showing signs of bottoming out, as overall resale prices for the year to date – January to April – dropped only 0.3 per cent, compared with a 0.6 per cent dip in the same period last year. He added: “Interestingly, prices of shoebox units bucked the trend and continued to increase for two consecutive months. It is still unclear whether this increase is sustainable as the rental prospects for suburban shoebox units remain poor.”

Read Story from Straitstimes 29 May 2017 | 9:00 pm

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So 'Buy north' as bumper crop of BTO flats is released

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Home buyers are being encouraged to look north towards Woodlands and Yishun, as the Government urges people in urgent need of flats to consider non-mature estates.

Some 2,000 Build-to-Order (BTO) flats in the two towns were launched for sale yesterday, making up half of all BTO flats in the batch.

Together with leftover flats from previous launches, the Housing Board released a total of 8,748 flats, which Minister for National Development Lawrence Wong called a “bumper crop”.

But the buzz in this batch comes from the units in Geylang and Bidadari, which are in mature estates and expected to be the most popular despite higher price tags. Prices in Geylang range from $179,000 for a two-room flexi unit to $489,000 for a four-room unit; in Bidadari, a two-room flexi unit costs $169,000 and a 3Gen unit commands $622,000.

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Units in the north cost much less. In Woodlands, prices range from $73,000 for a two-room flexi unit to $320,000 for a 3Gen unit; in Yishun, a two-room flexi unit costs $77,000 while a five-room unit is priced at $331,000.

In a Facebook post, Mr Wong encouraged buyers who are flexible with the location of their future homes to apply for Woodlands or Yishun to improve their chances.

Woodlands, in particular, has not been popular but the Government hopes a slew of developments could change this. It will have new MRT stations, including a terminus connecting Woodlands with Johor Baru. The North South Corridor also promises to shorten journeys to the city by up to 30 minutes. “All these will greatly improve transport connectivity for residents,” said Mr Wong.

SLP International research head Nicholas Mak said the plans may sway those on the fence about living in the north: “The rejuvenation of Woodlands is a long-term process, and we can expect more BTO projects in the near future.”

For now, the mature estates are attracting the most interest.

PropNex key executive officer Lim Yong Hock expects the flats in Geylang to be especially popular, where he predicts five applicants per unit. There is “pent-up demand”, given that it has not had a BTO launch in the past three years.

This year, over its two launches so far, the HDB has offered 12,804 flats – more than three-quarters of its promised 17,000 flats for 2017. This is fewer than the 18,000 units last year, part of a generally downward trajectory over the past five years as fewer new families are formed.

Marsiling Grove in Woodlands. PHOTO: HDB

Woodlands Spring in Woodlands. PHOTO: HDB

Forest Spring @ Yishun. PHOTO: HDB

Woodleigh Hillside in Toa Payoh. PHOTO: HDB

Dakota Breeze in Geylang. PHOTO: HDB

Pine Vista in Geylang. PHOTO: HDB

As of 5pm yesterday, there were 312 applicants for 1,273 units in Geylang, 303 applicants for 1,355 units in Bidadari, 250 applicants for 1,418 units in Woodlands and 126 applicants for 756 units in Yishun.

Applications for the flats close next Wednesday. The next exercise in August will see about 3,850 new flats in Bukit Batok and Sengkang on offer.

SEE TOP OF THE NEWS: Large number of balance flats in 2 towns

Read Story from Straitstimes 18 May 2017 | 9:00 pm

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HDB launches 8,748 flats in May, including 4,802 BTO flats in Woodlands, Yishun, Bidadari, Geylang

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SINGAPORE – The Housing & Development Board (HDB) on Thursday (May 18) launched 8,748 flats for sale.

The latest batch includes 4,802 Build-To-Order (BTO) flats in six estates and 3,946 sale of balance flats across 25 towns.

The flats on offer range from two-room Flexi to three-generation (3Gen) units.

The BTO flats are in three non-mature towns in Woodlands and Yishun, and three mature towns in Bidadari (Toa Payoh) and Geylang.

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The towns and estates are Marsiling Grove and Woodlands Spring in Woodlands, Forest Spring @ Yishun, Woodleigh Hillside in Toa Payoh, Dakota Breeze and Pine Vista in Geylang.

Larger 3Gen flats meant for multi-generational families are found in Marsiling Grove and Woodleigh Hillside.

Prices range from $73,000 for a two-room flat in Woodlands to $489,000 for a four-room in Geylang.

The 3,946 balance flats are in 11 non-mature towns and 14 mature towns and estates.

There are two-room Flexi, three-room, four-room, five-room, 3Gen and executive flats among them.

The majority of the flats offered under the sales of balance exercise are reserved for first-timer families.

About 48 per cent are already completed and the rest are under construction.

Application for the new flats can be submitted online on the HDB InfoWEB from May 18 to 24.

The second BTO launch for 2017 brings the total number of BTO flats offered this year to 8,858 units. HDB has launched a total of 12,804 flats for sale in 2017, including sales of balance flats.

In August, HDB will offer about 3,850 flats in Bukit Batok and Sengkang.

Read Story from Straitstimes 18 May 2017 | 

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New private home sales stay robust

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Demand for new private homes stayed robust in April with sales staying above 1,000 units for the second straight month – a feat not seen since the tail end of 2013.

Developers sold 1,555 new units – excluding executive condos (ECs) – down by 12.6 per cent from the 1,780 shifted in March, said the Urban Redevelopment Authority (URA) yesterday. Despite the decline, sales were still more than double the 750 units moved in April last year.

“There is a trend of greater market activities and rebound in consumers’ confidence, which has led to a greater number of sales, even in projects that were launched earlier,” said PropNex Realty chief executive Ismail Gafoor.

Sentiment has picked up following the slight tweaking of some cooling measures in March. Private home values have declined by 11.6 per cent since the third quarter of 2013, as a slew of cooling measures dampened home demand.

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New units in suburban areas led April’s sales with 967 transactions, followed by 558 in the city fringe and 30 in the core central region.

Two new launches topped the charts: Frasers Centrepoint Singapore’s Seaside Residences in Siglap sold 419 units at a median price of $1,736 psf while Tang Group’s Artra in Redhill moved 126 units at a median price of $1,646 psf.

Consultancy JLL noted that demand for units in previously launched projects was stable with 1,001 units sold in April against 1,079 in March. “This level of demand for previously launched projects is about double the average for 2016… This trend has bolstered the confidence of some developers in releasing more units,” said Mr Ong Teck Hui, national director of research and consultancy at JLL.

These popular projects included Parc Riviera in West Coast Vale, which sold 90 units, and Commonwealth Towers, where 85 homes were moved.

There were 4,696 new private homes transacted in the first four months of the year – more than half of the 8,360 or so units sold in all of last year, the URA figures showed.

In the EC segment, 371 new units were transacted in April. MCL Land’s Sol Acres in Choa Chu Kang was the star performer, moving 122 units at a median price of $787 psf.

No ECs were launched in April, while 1,616 private homes were released – the highest number of units launched since May 2014 and a strong sign of rising confidence among developers, said analysts.

“Barring a financial crisis, market sentiment is expected to remain positive and the higher demand for new launches coupled with limited supply could lead to market stabilisation in 2017,” said Mr Wong Xian Yang, head of research and consultancy at OrangeTee.

As unsold inventory continues to dwindle further, Mr Wong added that “it is possible that new units will be launched at higher prices soon”.

Read Story from Straitstimes 15 May 2017 | 

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6 factors to consider when hunting for your next dream home

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After getting your first BTO and tenaciously scrimping, saving and working hard for the next 5 years, you’re now financially stable enough for your next home upgrade.

Larger HDB flats, condo units, landed property – options in the market are vast when you’re thinking of upgrading to a bigger property. So what’re some factors you should be looking for in resale properties besides the usual psf value and en-bloc potential? Here’re some factors to look out for in your next dream home:

1. Facing

Singapore faces sunny weather almost year round, so unless you enjoy coming back to a free sauna, you’d want to consider units that are naturally cooler.

These units would be largely facing East, North-East or South-East where the sun rises, as the sun tends to be hotter in the afternoon. In addition, concrete walls also tend to trap heat – and that heat would be slowly released as the day draws on. Considering most of us mere mortals usually head to work in the morning, a home facing East would not only trap less heat, but cool down substantially by the time we get home.

Of course, you don’t have to be anal and make sure it zhun-zhun face East la, some variant such as North-East or South-East will also suffice as the direction of the sun varies from its true East during different times of the year.

Property agents (the shady ones at least) would sometimes try to overcome this issue in West-facing properties by scheduling appointments earlier in the morning or later at night, or turning up the air-conditioning. So if you’d intend to save on the air-conditioner bill without compromising on comfort, arrange to view properties on sunny afternoons.

2. Wind

There’s more to buying a unit on a higher floor than just a great view. Making sure the view is open and unobstructed also ensures wind flowing through your home. This means if you’re thinking of picking that condo unit with the picturesque view of the swimming pool or clubhouse (and nothing else) be prepared to have little to no wind.

And for your utility bills to shoot up the sky because of how warm it’ll get.

For the best unrestricted views, consider high-rise apartments that are built next to landed homes. Chances of the landed owners giving up their plots of land for redevelopment and “blocking your wind” are slim.

3. Furnishing

If you’re buying a resale, interior furnishings matter as it affects how much you might potentially have to fork out for renovation in the future. But on the bright side, a large part of those costs is dependent on your own expectations of how you would like your home to look like.

While there are units that are so well-furnished that some of us would just move in and stay, most of the time these furnishings may be too old, or they do not meet our expectations. We’ll either end up spending a little to give a few things here and there a “facelift”, or just hacking the whole interior altogether and start anew.

The good news is you can always wait till you find a home that suits your tastes, or you can just lower your expectations. Always remember to give a thorough check to the furnishings for any cracks, broken tiles, peeling wood, etc. if you’re not planning to renovate.

4. Convenience

Besides the OBVIOUS “near MRT/ good schools/supermarket etc.”, you should look out for nearby places that speaks more to YOU.

Do you and your partner have a habit of sneaking out for a movie date while the kids are sleeping? Look out for places near malls with a movie cineplex.

Are your kids into sports? Make sure the condominium you’re moving into has all the sport amenities you’d like to have. Or, if you’re hunting for a landed property or HDB flat, that there’s a sports complex nearby.

Do you have a dog that requires monthly grooming? Pick a neighbourhood that has a vet and/or a groomer you can walk to in case of emergencies.

5. Peacefulness of environment

I tell you, that great view of the communal pool might seem really nice to look at now la. Come morning when you hear kids screaming about crying ar, you’d start hating yourself for your bad decision. They play catching here catching there, scream scream scream. Then cry because they kena caught. Then there’s the 20-something year old always coming home at the wee hours with his ultra zhng-ed out car, vroooming away.

If you’re choosing to stay near the carpark or the main road for the “convenience”, please make sure your property isn’t right next to it. Unless you’re a deep sleeper, you’d want to check out the distance of the property to the nearest road or carpark. And why stop there? Measure the distance from your place to the town centre, playground and swimming pool.

Live TOO close to any of these amenities and you and your family will seriously have no peace. And we all know how that can affect a child’s concentration in their studies.

6. Geographical location

Regardless of whether you drive, you’d want to consider the geographical proximity to family members you’ll visit often. In case we need to spell it out, we mean your elderly parents or married children. In a perfect world, the ideal location would be somewhere that has easy access to an MRT and expressway slip roads.

Because when it comes down to convenience, a place near an MRT would be more accessible than a centralised location where you’d have to wait to get on a bus. In this way, you got car no car, go north south east west also fast. Wanna visit ahma also can, visit your daughter also can, go town also can.

Of course besides the above factors we have our home loans to consider also lah. But that’s a topic for another day. Meanwhile, if you need help with your home loans, feel free to check out our home loan comparison tool on the best home loans, and give our mortgage specialists a call.

Read Story – Asiaone

No more than 6 unrelated tenants in private properties from May 15, URA informs agents

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SINGAPORE – Private residential properties may be rented out to no more than six unrelated persons from Monday (May 15), according to a letter sent out to real estate agencies by the Urban Redevelopment Authority (URA) on Thursday (May 11).

The current cap is eight unrelated persons.

Existing tenancy agreements with seven or eight tenants will be allowed to run their course until May 15, 2019.

The new occupancy cap will apply after that regardless of whether the tenancy agreement expires after the implementation date, the letter stated.

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The letter added that landlords must comply to the new rules or may be subjected to investigations.

The changes were passed in Parliament as part of the Planning (Amendment) Bill in February.

Previous reports have said apartments that are rented to more than six unrelated tenants will be treated as dormitories and would require URA’s approval.

This new rule is likely to significantly affect small and medium enterprises that rent out entire apartments for their S pass or work permit holders, said International Property Advisor chief executive Ku Swee Yong.

Some businesses, especially restaurants or those who need shift workers, lease condo apartments near the workplace for their staff.

Said Mr Ku: “To rent another apartment to house their eight workers, instead of renting an old terrace house, they will now have to rent two apartments. The cost is increased.”

The new rule will also affect home-sharing in future, such as AirBnb. While illegal now, URA is studying the option of creating a new category of private homes that will allow short-term rentals.

An occupancy cap of six means future home-sharing hosts will not be able to lease out an apartment to, say, two large families, said Mr Ku.

For Housing Board flats, the maximum number of subtenants allowed for a three-room unit and a four-room or bigger unit is six and nine respectively.

Read Story from Straitstimes 12 May 2017 |

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How to spot en-bloc potential in Singapore

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So you’ve bought your dream home. It’s located in a nice area that doesn’t require you to spend hours on public transport to get to work.

You have a nice view from a high floor.

There’s enough space for you and your household to keep your bathroom habits private.

But you know what would really make it a dream? If the government would take it off your hands in an en-bloc sale a few years from now.

Since the majority of residential property, including all HDB flats, is on 99 year leases, there’s a time limit on your dream home-especially if you buy resale property whose lease might run out during your lifetime.

Recent news coverage has left people wondering what will happen if their lease runs out before they die.

In the recent past, purchasers of old HDB flats didn’t worry too much about this, with many assuming their flats would eventually be eligible for SERS (Selective En Bloc Redevelopment Scheme) and they’d be paid a tidy sum of money to relocate to a brand new home.

But the government has now warned against assuming your home will eventually be acquired through SERS-this is a clear sign that the authorities intend to let some flats run the full course of their leases, before acquiring them at $0.

Given the possibility that you could one day lose your home, it becomes even more pressing to know just how much en-bloc potential your home really has.

While there’s no magic formula, here are some factors that can raise your chances.

Rising land and property values in your area

One of the catalysts for an en-bloc sale is when the land value rises above the value of your property.

For example, many of those people who’ve bought old HDB flats in the Tiong Bahru estate are no doubt hoping they’ll be eligible for SERS in a few decades, since Tiong Bahru has been given a new lease of life thanks to the hipster cafe explosion.

One big hint you might be able to benefit from en bloc is if your area is undergoing a huge transformation.

For instance, in 2014 it was announced that $31 million would be spent to develop Woodlands into a high-traffic zone, with six blocks being relocated under the SERS scheme in the process.

Obviously, centrally-located areas with good public transport links have a higher chance of experiencing more en-bloc sales.

You have a higher chance of your place going en bloc if you live in River Valley or Redhill than, say, Yishun.

Your property isn’t using the land space efficiently

It’s no surprise that condo units and HDB flats have been shrinking over the years, while the number of floors in each block has risen.

It makes sense for developers, as they earn more out of every square metre of land they buy and sell.

Old blocks or condos that use space inefficiently could be prime candidates for redevelopment.

For instance, if your block has only four or five floors when the developer could build a block of 30-floors in its place, it’s a good candidate for an en-bloc sale.

There is a wide availability of alternative housing in the area

When a building gets acquired in an en bloc sale, like stray cats, all the residents have to be relocated.

The availability of suitable housing in the area makes it more likely that a successful en bloc exercise can be carried out.

If you live in a condo and an en bloc sale is proposed, it will only be carried out if at least 80 per cent of the residents vote in favour of the sale (or 90 per cent if the development is less than 10 years old).

They’re more likely to vote yes if they know they can move elsewhere in the same area.

When it comes to HDB property, the government has the final say, but one of the factors they consider is the availability of suitable sites in the area to move residents to.

The property market is strong

An en-bloc sale will only happen if developers or the government feel that they can get even more value out of the land by buying and redeveloping it.

For private property dwellers, that means that the performance of the property market will influence how often and how aggressively developers bid for new sites.

For HDB property, one of the factors that will be taken into account is the economic viability of the en bloc sale, which basically means the same thing.

So far, we have not gotten to the stage where the oldest residential HDB leases have started to expire.

But based on the messages the government has been sending out, it’s best not to assume your place will be selected for SERS, even if it satisfies all of the above criteria.

Read Story – Asiaone

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