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Hi lease decay means properties with very years of lease left, they will get a lower ltv from banks . As for lasting to age 95 , yes it is for hdb .

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Lease decay simply means that lease balance gets lesser and lesser. When property lease balance dips to less than 30 years balance, a residential property purchase has to be done in full cash settlement, as no financial institution will grant you any home loan. The buyer will also be unable to utilise any CPF funds to finance the purchase. For properties with lease balance between 30 to 60 years, the loan amount and CPF usage will be restricted based on the lese balance. The last statement about lease must last the youngest to ag 95 is applicable to resale HDB.

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Hi, appreciate your sharing. Once you purchase it and require to hold onto 5 years later. The next young purchaser who wish to take loan and use CPF OA, will be affected.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

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Stewart-PropNex (Senior Associate Division Director) Read More

Lease decay refers to the decrease in a property's value as the remaining lease term shortens. This is because the land eventually reverts back to the government upon lease expiry.

In your scenario, a property with 60 years remaining lease or 30 years remaining lease would likely be harder to sell compared to one with a longer lease, due to lease decay.

However, there isn't a strict rule like the lease needing to last until you're 95 years old. Here's a breakdown of how lease remaining affects saleability:

Generally: Properties with shorter leases (below 70 years) are less attractive to buyers due to lower value and potential difficulties securing financing.

Beyond 70 years: The impact weakens. A 60-year lease might still be acceptable to some buyers, especially younger ones who plan to hold the property for a specific period.

Below 35 years: Selling gets much harder. Banks might be hesitant to provide loans, and buyers become more limited.

Ultimately, whether a property with a specific remaining lease works for you depends on your individual circumstances and plans. Consider factors like:

Your investment horizon: If you plan to hold the property for a long time, a shorter lease might be less risky. Read More

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