AskGuru Q&A Community

Hi,
Anything more than 10 years is considered old. But, in some locations, especially near major projects, old is also GOLD! So, it all depends on location. Old does not mean any less value. Everything depends on demand and supply.

Please contact me so that I can advise you where might be good locations for you, with future prospects.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, every buyer varies and it really depends on individual. For eg, I sold a old HDB flat at Blk 160 Meiling Street last year and the remaining lease is already at 46 years, but the response for viewing is good due to its fantastic location.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

This is kind of subjective as certain popular locations only have older flats beyond 40 years old. But from a numbers point of view, I would say anything with balance lease 50 years and below may become challenging to sell, as younger buyers cannot take a high enough loan to last them until 95 years old due to the lease, and have restrictions in CPF usage. Usually the design and condition of building will also mean a lot of maintenance upkeep over the years which will naturally deter buyers. The estate will also be less vibrant due to different demographics staying there and amenities that are not as modern.

May I know which location you are looking at? 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
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More

Hi,

1) There is this article explaining how the remaining lease affects its' value:
https://www.moneyline.sg/buying-a-property-soon-make-sure-you-know-the-bala-curve-heres-why/

2) Though theoretical the explanation does make sense in logic. But due to the devaluation of money's face value (inflation), the same dollar might not buy the same amount of goods as time goes by.
3) Thus you might see the dollar value remains the same or even higher value on the flat.
4) It is rather subjective to each individual to determine what is old with regard to a resale flat. But in general, most people will consider a flat old when it has a remaining lease of fewer than 60 yrs.
5) lately there are also people who perceived flats as old when the remaining lease has less than 50 yrs.
6) This is due to the loan available to older flats especially no more loans will be dispersed to a property with a remaining lease of fewer than 30 yrs. Therefore the maximum loan tenure reduces for flats with remaining leases of less than 50 yrs.

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

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Are you planning to purchase a resale HDB and has the concern on decaying lease? Essentially, my advise to clients who are looking to purchase a home is to know if they intend to use the home as an investment or for family stay. For the latter, I believe that location itself plays an important part in consideration given that it will affect the family's lifestyle, from being near to school, parents' place and amenities, where there will be plenty of intangible values for the family to enjoy. If you are looking out purely for the financial gains, then the considerations will be totally different.

Usually, for flats above 30 years old, the tendency of buyers having concerns on the lease balance will start arising significantly, but the location will matter alot too, which explains why units in mature towns are still clocking in above $1m in price.

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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More