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Is Your HDB Flat Really a Liability?

Is Your HDB Flat Really a Liability?

Lately, there has been ongoing discussion on whether owning a HDB flat is a liability. Perhaps, when the lease runs out and the prices start to depreciate, the HDB flat could indeed become a liability one day!

However, let us discuss the plus points of owning a HDB flat:

It offers an affordable housing option for the majority of Singaporeans

It serves as a stepping stone for upgraders to upgrade to a private property by selling their HDB flat.

It allows elderly HDB owners to monetize their flat for retirement.

It protects you from the creditors even if you are declared a bankrupt! HDB flats where at least one of the owners is a Singapore Citizen & makes CPF contributions are protected from creditors.

It offers high rental yield! Some HDB flats can command a 7% to 8% rental yield as compared to a private condo which typically fetches 2% to 2.5%.

It is subsidized by the government, ranging from housing grants, utility rebates, upgrading incentives to GST vouchers.

Plus you can keep your HDB flat and buy a private property for investment! Nevertheless, ABSD is payable! 

So let us ponder for a while before we brand our humble HDB flat as a liability!

By the way, I also know friends that continue to stay in their HDB flats and yet own multiple private properties for investment! 

Give me a call if you still have concern on your HDB flat or any upgrading plans.

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