2 Answers

askguru expert

1) You are right that your loan will be pro-rated if the remaining lease of the flat does not cover your age of 95.
2) The amount of pro-rated from the 85% LTV is based on the extent the remaining lease can cover till the age of 95.
3) You will have to check with the HDB on the exact amount/percentage you may get on the flat you found.
4) The pro-rated amount is up to the HDB discrepancy. You may raise your question via the feedback channel:

5) The obvious disadvantage of course you will face more difficulty in selling it when you intend to downgrade at a later time.
6) The advantage is you will be able to find such flats in a mature estate at a lower price than the others in a non-mature estate.

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

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