After I wrote “HDB starts to sell 3-rm at shorter 50-year lease – no wonder become more affordable?” (Jan 24)
– someone remarked that the cost of $122,000 (including the resale levy and $35,000 housing grant) for a 2-room flexi flat with a 50-year lease, in Punggol, seems quite high
So, I google searched & found the following:
Since the maximum resale levy cap is $30,000, for those who buy a 2-room flexi flat – the 50-year lease flat’s original price works out to be $127,000 ($122,000 – $30,000 resale levy + $35,000 housing grant)
https://www20.hdb.gov.sg/……/Feb%202021%20BTO%20……
Since the last BTO launch in Punggol, was in Sep 2019 – the price of the 2-room flexi (99-year lease), was from $109,000 – $173,000
So, since the average price was $141,000 ($109,000 + $173,000 divided by 2) – how is it that a 50-year lease flat can be priced at $127,000 (estimate), when a 99-year lease flat was priced from $109,000 to an average price of $141,000, & a maximum price of $173,000?
