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Thread: lift upgrading

  1. #1
    Join Date
    Jan 2008
    Posts
    560

    Default lift upgrading

    i understand that the payment for lift upgrading is 2 years after completion. what happens if the new owner told over the flat on year 1 and realised that he has to pay for the upgrading. who is liable to pay (the previous owner when the lift upgrading was completed or the new owner)?

  2. #2
    Join Date
    Feb 2008
    Posts
    393

    Default

    wow, this is very chimp !!!.


    I check with some agent, they told me they do not have such problem - cause when the property was going through transaction - HDB will actually highlight to the buyer this when the buyer go and sign the documents.

    The new owner will have to pay for it according to my understanding.

  3. #3
    Join Date
    Jan 2008
    Posts
    560

    Default

    ohhh.... so eventually is new owner got to pay lar. but only on transaction then inform a bit too late right, cannot back out liao. how much does a typical lift upgrading cost?

  4. #4
    Join Date
    Jan 2008
    Posts
    297

    Default

    is it true that after life upgrading, the valuation of the flat can go up by about $20k - $30K?

  5. #5
    Join Date
    Jan 2007
    Posts
    181

    Default

    I think valuation does normally go up after lift upgrading but I don't think the increase is going to be significantly higher than what the upgrade costs.

  6. #6
    Join Date
    Jan 2008
    Posts
    560

    Default

    is it true that if you live on the floor that both lift lands on every floor, cos 1 lift goes to every floor and the other does not, does that means that when lift upgrading, i do not have to pay cos it does not affect me?

  7. #7
    Join Date
    Sep 2009
    Posts
    172

    Default

    no matter what floor u stay, confirm must pay for upgrading. but pay lesser if your floor had a lift already.

  8. #8
    Join Date
    Sep 2009
    Posts
    120

    Default

    my block just had the lifts upgraded. but before that, there was a vote to decide on the upgrade. 98% voted for it. so 2% not happy. but still must pay. floors without lifts before upgrade, pay 200. those with lifts pay half. so ya. thats how it went for my block

  9. #9
    Join Date
    Jan 2008
    Posts
    560

    Default

    ha ok only need to pay $200 i thought like at least $5k. cos i heard that my currently flat might under go lift upgrading.

  10. #10
    Join Date
    Sep 2009
    Posts
    135

    Default

    Quote Originally Posted by cookies View Post
    ha ok only need to pay $200 i thought like at least $5k. cos i heard that my currently flat might under go lift upgrading.
    i think its 200 because the cost is shared among all the households. 5k is just too crazy. thats too much. i was given the option to pay in installments

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