Hi,
You may be able to purchase under the Single Singapore Citizen scheme if you are SC and 35 years and above.
Older flats do have an appeal due to bigger size and maybe better locality. However do note that the remaining lease of the property should cover you to the age of 95 and above. If your age + remaining lease is less than 95 years, there will be some restrictions on the CPF usage as well as the HDB loan.
With the above restriction, come 5 to 10 years later, the pool of buyer will likely be mostly just older buyers and with lower demand may in turn result in lower price.
Buying a property is usually our largest purchase hence it is important to fully understand the implications of buying an older flat before committing your hard-earned money.
Please feel free to get in touch with me directly for more prompt responses for require further clarification and assistance. Have an awesome day ahead!
Best regards,
Vera Wang
Assoc. Group Director
CEA Reg. No.: R051578J
PropNex Realty Pte Ltd
Mobile:
+65 8777 7907
Email: wangvera88@gmail.com
Web: https://sgpropertyportal.com.sg/
Facebook: https://www.facebook.com/verawangprop
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