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Hi,

I'm sure you are well versed with the advantages of mature estate to post this question.

In order to buy a HDB flat that is near to 60 yrs lease remaining, you will have to consider the below:
(1) Is this your final matrimonial home?
(2) Resale value is definitely drop when it is less than 60 yrs lease.
(3) No or minimum investment yield from this.

If you are well aware of the above risk, and willing to accept as it is, then. yes, there are nothing stopping you from buying it.

Hope the above answer to 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.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Good evening,

You will need to understand that in the event you choose to purchase such unit, the main purpose should be for own-use. Such unit tend to have lower seller price when it's remaining lease is lease than 60. Buyers would not be able to utilize full CPF therefore they need to come out with more cash. However, if the location of your unit is prime, who knows what might be installed for you.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
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Good evening buyer,

It depends on your needs and wants.

I will advise my clients to downgrade to a smaller flat or an older flat so they can cash out from existing property to have a better and enjoyable retirement or to meet their financial obligations.

If not usually I wont encourage due to future resale value and restrictions on CPF usage and loan amount which in turn means that you will have trouble finding potential buyers in future and will most likely make a loss.

But of course it's your call as you might have your own reasons in thinking of getting one too.

Best of luck! Feel free to get in touch with me if you need any assistance in your property purchase. Cheers!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
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