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Hi,

Please see response as follow:

1.
Lease remain: The flat would be 22 years old (5yrs MOP) or 27 years old (10 yrs). It is still above 60 yrs lease, though challenging but not impossible.

2nd floor (Low flr): It is common that low floor takes more time to sell, but there are also buyers who likes lower floor due to the convenience of staying at low floor.

Price: Usually low floor fetch much lower price compare to other level, thus you have to forgo any possibility of capital appreciation in order to sell it.

2. HDB is foresee to loose its' capital appreciation in the next 5 to 10 years time, this is mainly due to supply and demand.
There are lots of supply of resale HDB is expected in the next 5~10 years due to the following reasons:
(a) Huge number of BTO supply now,
(b) Local SC population did not grow at the same rate as the rate of BTO built.
(c) SPR need at least 3 yrs of residence status and possibility of forming family nucleus or already formed family nucleus.
(d) Single SC cannot afford high price resale.

Without calculating interest incurred during this period, you will still see small capital appreciation in HDB, but do not expect as good as before. Especially you are buying a 2nd level unit.

3. You can take reference from past transaction within 200m radius. These data should provide a good indicative price. The current tools also use this as reference to propose a value, however, final valuation also include condition of the unit, such as aircon, type of flooring, fixtures which are reusable etc into consideration thus there are some variation compare to the tools available to propose a valuation value.

4. Once the flat went below 60 years lease, the value will drop significantly due to the CPF withdrawal limit, age constraints, loan available contribute to the drop in value.

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 morning,

Buying lower floor unit would mean that you will miss out on buyers who are keen on unit that are located on the mid floor or higher. Furthermore, with ethnic restriction, you might be faced with the same problem when you try to sell it later down the road.
As for remaining lease of HDB and condo, if you are comparing apple to apple, both will be taken back by the government after their 99 years lease expire. But do note that majority of the population stays and move around HDB unit. I believe the hype of the issue is that private property owners can choose to put their project up for enbloc which HDB owners can only wait for the authorities to select theirs for it.
As for how you can ensure that you are buying the property at the right pricing? I would deem that you can either engage an agent to assist you on that or based on your judgement with the data available on HDB website or property guru.
Since all standard HDB units come with 99 years lease, you will have at least another 20 years before the concern hits you.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More