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Hi,

You will be subjected to a pro-rated CPF usage since the remaining lease is less than 60 years. This means you will not be able to utilise fully your CPF to to the Valuation Limit (if taking an HDB loan) and Withdrawal Limit (if taking a bank loan).

Also, such HDB flats will face with a decaying lease whereby the value will drop towards the end of its lease.

Do let me know if you need any assistance.

Sincerely,

Mohamad Khalil

Bachelor of Arts (Communications)
E: realtor@khalilrealtor.com
Mobile: +65 8201 9254 
Website: www.khalilrealtor.com Read More

Hi,

1) In terms of conveniency, flat type, pricing, your age is a good fit.
2) Your objective of leaving some start up fund for your kids for their future housing is still doable.
3) To your kids it is pure profit since it is you who contribute the capital.
4) Something to note is housing lease less than 30 yrs is not easy to get financial support from the bank. So your buyer group is very limited.

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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