Not all old HDB flats qualify for Sers: Wong
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Singapore
DON'T bet your money on buying an old HDB flat in the hope that the government will buy it back for redevelopment. National Development Minister Lawrence Wong had this warning for homebuyers, especially young couples, which he expounded on in a blog post on Friday.
His advice? Choose a flat with a lease long enough to last one's life expectancy. Leave shorter-lease flats to buyers who are going through a transition in their lives, and are not ready to commit to a longer lease just yet.
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