Hi J L,
I believe you have already identified the balance lease as a concern, with respect to your plans moving ahead, therefore what is the trigger point for you to look further into this project despite this concern.
Having been in the real estate industry since 2009, where I deal primarily in residential transactions like private condo sale and rental, I have realised that in a property purchase, there are 2 main groups of purchasers, where they are mainly buying to sell in future and make a profit or rent out as an investment, and the second group will be for their own stay, and anything else comes more like a bonus.
The tangible values are of course the capital gains and rental yield achieved, but the intangible gains like convenience, ease of travel to school, office or parents place, can be hardly measured as they are of different priorities to different households.
I have purchased a resale HDB myself where lease begins 1985, purely because I have wanted my family to be near my children's school, where we enjoy great convenience over the years as the school is directly opposite my home.
Therefore it will probably be very helpful for your decision making process if you are able to list down your needs and wants in their priority and make a decision based on that on top of the price trend and etc.
Hope the above helps.
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