Purchasing a pre-owned HDB apartment is a well-known alternative for lots of Singaporeans, especially those who are appearing for an economical and spacious living room. Nonetheless, there are actually a number of false impressions affiliated along with buying resell flats that need to be disproved. In this post, we will explain some of the very most popular mistaken beliefs about buying a pre-owned HDB apartment.

Misconception #1: Resell apartments are in bad health condition

One of the most popular misunderstandings about purchasing a secondhand HDB apartment is that they are in bad disorder. While it is accurate that some reselling apartments may need more maintenance reviewed to company brand-new ones, this does not suggest that all resell flats are in bad form. In reality, numerous managers take terrific satisfaction in maintaining their property and may have invested in improvement works to strengthen its value.

Furthermore, shoppers may regularly ask for for an evaluation prior to helping make a investment. This are going to allow them to pinpoint any kind of potential problems along with the system and produce an informed choice on whether or not to proceed along with the purchase.

False impression #2: Resale flats have limited money options

Yet another usual myth concerning acquiring a secondhand HDB apartment is that money management choices are limited contrasted to purchasing a brand-new apartment from HDB directly. Nevertheless, this is not completely correct.

Purchasers of resale apartments can easily still administer for housing lendings coming from banks or financial organizations merely like those who buy brand-new flats from HDB. Furthermore, shoppers might also be entitled for CPF Housing Grants if they satisfy certain standards such as being first-time shoppers or having family incomes listed below certain thresholds.

Misunderstanding #3: Reselling apartments have briefer lease tenures

Several individuals believe that resell flats have briefer lease periods reviewed to recently developed ones. Nevertheless, this is not always true as each types of homes happen along with a 99-year leasehold duration.

It is essential to keep in mind that the remaining lease of the property may impact its worth and reselling ability. Customers ought to take this in to consideration when producing a purchase and ensure that the remaining lease is adequate for their requirements.

Misconception #4: Resell apartments are extra expensive

An additional common myth concerning purchasing a used HDB flat is that they are extra costly reviewed to recently built ones. However, this is not regularly the case.


The cost of a reselling flat relies on numerous aspects such as its site, grow older, and ailment. In Key Reference , purchasers might even be capable to haggle a lower rate with the seller if they locate any sort of issues with the device.

Furthermore, buyers of resell apartments might possess an conveniences over those who buy new apartments coming from HDB as they can immediately relocate in without possessing to stand by for development to be finished.

False impression #5: Resale apartments are challenging to offer

Some folks feel that resale apartments are hard to market due to their grow older and regarded lack of allure contrasted to brand new homes. Having said that, this is not automatically accurate.

The demand for reselling flats remains tough in Singapore due to their affordability and space. Additionally, shoppers who like fully grown property or developed areas might exclusively look for resell apartments somewhat than newly developed ones.

In conclusion, buying a previously owned HDB apartment happens with its own set of advantages and disadvantages. Having said that, it is necessary to divide fact from fiction when it happens to usual misconceptions linked along with buying a reselling level. Doing so will aid possible buyers make informed decisions based on their necessities and choices.