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Dear buyer,

If you have mid term selling plans moving forward and intend to make some money out from the sale, I will advise you to look at alternative solutions as the prospects of selling it at profit for Tanjong Pagar Plaza is quite bleak due to the balance tenure as you have already pointed out.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi,

When buying property less than 60 years old lease, there are two main considering factors:

(A) Age
Your age + remaining lease of property is at least 80 years.

(B) CPF usage:
A formula needed to apply to determine how much CPF OA can be used for lease less than 60 years:

(Remaining lease when youngest eligible owber using CPF turns 55/Remaining lease at the pt of purchase) * lower of purchase price or valuation value

Meaning that unless you are at age of 55 or near to it. You will not able to completely using CPF funding the property,

Thus not only, you might find difficulty funding it now. Your prospect of selling after 10 years, the criteria will be even steeper as the age of the buyer has to be younger, and cash richer than you are now.

Hope the above answer to your main concerns, but if there are more queries, 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

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Good afternoon,

As HDB within Tanjong Pagar area are limited, you might still get buyers for the unit 10 years down the road. However, as the remaining lease of the unit decrease, the amount of CPF the buyers can utilize will also be lesser. Therefore, you have to be prepared that the amount of cash ready buyers will be limited.

DO feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Sir

I can propose you look at Cantonment Road just across the street which is younger and more long term value...

Let me know so that I can recommend you.

Thanks.

Raymond lim
CCN Realty pte Ltd
 91388805 
MBA/BSc(HONS)
Email: raymondshaq@hotmail.com Read More