Hi,
1) The depreciating lease is applicable to all leasehold property in Singapore, both HDB and private.
2) SERS programme is initiated by the gov, there are less than 3% out of the whole HDB population that receive this incentive, quoted from Lawrence Wong when he was the Minister of Nation Development.
3) Enbloc is initiated by one or more of 200 private developers in Singapore. Thus we always said there is a chance of enbloc in private residences. Note that there are more than 3,000 private developments in whole of Singapore, inclusive of both freehold and leasehold.
Therefore the chances is always much higher than HDB flats.
4) There are already a few government project that were built way before Singapore independence had reached their end of lease recently. One of plot I vividly recall is somewhere in Geylang, some landed terrace. Most if not all were used for storage purpose. Shifted out without any compensation, and if you did not notice means there were no challenge from the ground.
5) The vast majority HDB that were built in the early days such as those lease started in late 60's, still have 43/44 years since our nation independence. So we have quite a long way before this vast majority flat lease expire. And we won't know what gov will do to those who are still living there. But for sure the 1st generation who bought them already passed away.
6) According to the national rally speech delivered by our prime minister seems like there is not going to have any compensation, rather just rejunevate to keep them as livable as possible.
7) So come down to yourself what is your main objective of choosing these executive flat. Is it because you need or you want the big space?
8) Because these old executive flat does not come cheap. If it is the need due to big family size, multi-generation family, etc. It is quite a good choice.
9) However, some feel that even though the space is big enough, there will still be conflict due to lack of privacy. This is also one of the reason why there is a multi-generation scheme in HDB, that separate elder from the younger. So that they live in the neighbour or even on the same level, but on separate unit.
10) Therefore conclusion is you have to really ask yourself hard on your main objective.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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