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Hi, lease decay is an issue that affects a lot of people, and with a shorter lease it will end up having lesser people eligible to purchase it. In order for them to get a loan for the property, it needs to serve the youngest buyer to 95 years old, if you can planning to hold for 5-10 years, it might not affect you as much , but if you hold longer, it will indeed be harder to sell it out. Private freehold condos will always have its buyers, be it upgraders from HDB or people downsizing from landed properties.

If you have any plans, perhaps you can reach out to me and I can advise you better.

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Landon Chew
97 39 60 40
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Who say cannot buy? There are so many transactions for resale HDBs that has lease balance under 60 years. It depends on individual buyers' priorities. If you are planning to sell in near term, then perhaps a fresher lease unit could be suitable, but the price could also be more expensive.

Real estate purchase or investment is not about 1 + 1 = 2, there are more factors and considerations for different buyers with different priorities.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi, appreciate your sharing. It depends on your plans.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

1) You must have your objectives and priorities when buying a property.
2) The best bet of course is a freehold when you have the resources needed.
3) We only have the choice of choosing when we have sufficient resources.
4) Just like the multi-billionaires, they would always choose to buy multiple properties in many countries without worrying about paying hefty property taxes.
5) If you are buying a property for investment then a new property is always better than an old one. The type of lease in this property will not affect the value.
6) If you are buying to leave it for your next and future generation, a freehold property would be a better choice as the title will always remain with the family.
7) If you are buying for your own stay, convenience would be the highest priority choice.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
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Hi,

Lease decay is one of the factors buyers take into consideration when purchasing, mainly because there will be CPF usage restrictions and bank loan attainable may not be full 75%. Hence it may make resale tougher next time due to a more restricted pool of buyers. However if the property attributes are excellent for eg being near mrt mall or top school, there are also cash rich buyers who will pay a good price for it.

The same budget for hdb may be tough to get a good sized condo also, so you may want to factor that into your consideration also.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, it is advisable to go for a private property if your budget allows.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Not necessarily. Here's a breakdown of buying an HDB with a remaining lease of 60 years or below:

HDB Flats with Less Than 60 Years Lease:

You can buy them: There's no rule against purchasing an HDB with a shorter lease. However, financing options might be limited.
CPF Usage Limitations: HDB restricts the amount of CPF funds you can utilize for flats with shorter leases. You might need a larger cash down payment.
Loan Eligibility: HDB loans may not be available for flats with very short leases (less than 30 years remaining).
Lease Decay: The value of the flat might decrease as the lease shortens. Resale could be more challenging in the future.
Private Condos (Freehold):

Pros: Freehold condos offer permanent ownership, potentially appreciating in value over time. You might have more flexibility with financing and renovations.
Cons: Generally much more expensive than HDB flats. Maintenance fees apply, and there's no government subsidy.
So, which is better?

It depends on your individual circumstances and priorities:

Short-term stay: HDB with a shorter lease might be suitable if you plan to live there for a shorter duration (e.g., 10-15 years) and don't mind potentially lower resale value.
Long-term stay: For a long-term family home, a newer HDB flat with a longer lease (or a freehold condo) might be a better option for stability and potential appreciation.
Alternatives to Consider:

HDB Executive Condominium (ECs): ECs offer a leasehold option with a longer initial lease (around 99 years) and the potential to convert to private ownership after 10 years under certain conditions.
Upgrading to a BTO flat: If you currently own an HDB flat, you might consider using the Sale of Balance Flat (SBF) scheme to upgrade to a newer flat with a longer lease.
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