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I am 29 and I am looking to buy a flat that is built between 1975-1990 and it is near my parent area. Since it does not cover me until I am 95, what are the pros and cons of buying old HDB?

If I am planning to take bank loan to buy a $500,000 HDB built in 1975, are there restrictions?
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1 Answer

Robbie Chen Chee Howe
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Hi,

Firstly, as you're below age 35, you will need to be married (or engaged under Fiance/Fiancee Scheme) in order for you to be eligible to purchase a HDB flat.

While I can understand your rationale to purchase near your parents residence, purchasing an older flat may not be the best choice in terms of investment choice for your age. It is likely that the flat price will depreciate as the years go by, and you will very likely end up with a negative sale should you decide to sell the flat one day.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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