HDB less than 60 years left need cooling?
What is the rationale for tightening “the terms for granting HDB loans and the use of CPF funds for the purchase of HDB flats with remaining leases of less than 60 years (details of this measure are in Annex IV)“?
Played out by asset emhancement?
As more HDB flats age from the time that they were built, those who have subscribed to the “asset enhancement” policy which arguably lead to huge increases in HDB prices, may find it harder now to monetise their flats to retire.
Lower-income hardest hit?
This may especially affect lower-income Singaporeans who purchased 2 and 3-room flats and may lack the financial ability and savvy to change to a second new Build-to-order (BTO) flat or resale flat with a new or longer lease balance, in order to avoid the problems that may arise from this new cooling measure. Full story
