AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Dear sir/ madam,
I would like to know about the leasehold of the HDB flat. As some of the leasehold of those resales HDB are expiry in 40-50 years, what are the Singapore government policies to deal with expiring lease HDB flats? Also from the resale HDB flat, the selling price are lower compared to those with longer leasehold tenure, does it means as a HDB owners, property value only sustain or increase in the 1st 20 years & subsequently the value will decrease due to shorter lease? I am planning to buy a resale HDB flat & concerns on the lease issue. Pls advice. Thank you.

Regards
Michael Ling
0 •
98 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Robbie Chen Chee Howe
Replied
Hi Michael,

The lease decay curve will steepen as the balance lease of the property is close to expiry. Hence, it is not advisable to pay a high price for such properties. You can still buy these flats for your own stay if the price is reasonable.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions