On 21 November, Channel News Asia reported a record sale for a HDB Terrace.
The terrace home in Jalan Bahagia, categorized as a 3 Rm HDB Terrace, was sold for S$1.185 mil. The home is 237 square meter and its land lease has only 52 years left.
Much of the discussion about this transaction is how stupid are Singaporeans to pay so much for this terrace home.
When I first heard about this, I thought it is still workable. It does not sound like this terrace was purchased by a buyer who do not know what he or she is doing.
However, when I examine the numbers, I started to think may be there isn’t an investment rental case for this.
