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Hi, my father is divorce and his age were at senior range. If my father wanted to buy a resale flat with a short lease within his budget will that be possible?!

Example: He decided to buy resale flat at Sengkang, built in year 2017 above. 2 Flexi room about 20 to 30 years lease within $55k. Will that be possible.

P.S ( nothing to do with HDB open booking system)

Hopefully I can get the answer or your best opinion about short lease term.
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3 Answers

Hi Pearl,

Short term lease unit cannot be resold in the market, therefore the only way your father can purchase a short term lease arrangement is direct from HDB therefore we won't be able to opine on the price and budget.

He will need to fulfil the pre-requisites in order to be able to purchase a unit. If the 2-room Flexi flat is near the current home or married child, he can request for the Senior Priority Scheme (SPS). Check out the eligibility criteria at this link https://www.hdb.gov.sg/residential/buying-a-flat/flat-and-grant-eligibility/seniors.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi Pearl,

For 2-room flexi short lease flats you can only purchase direct from HDB and not from the resale market. There are also eligibility conditions to fulfill.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi Pearl,

1) Regret to inform you that short-lease HDB flats cannot be purchased from the open market.
2) The only short-lease HDB flat can only be bought from the HDB via BTO/SBF program.
3) Your dad will have to consider flats that offer in the Tengah estate for the budget he intends to spend on the flat.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

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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