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I'm currently planning to upgrade to a bigger unit and I'm looking for a unit that is at least 125sqm. To meet this condition, I will have to look for at least a 5A and above which is at least 15 years old. I plan to stay for a long period and I'm concerned that if I were to invest into such unit, 20 years later it will be 35 years old with 64 years left. By that time, it will be difficult to sell or the price will be drastically dropped right? I remember reading from somewhere that unit that has a remaining lease of 60 years will not be able to get bank loan. As such, how is this situation taken care of?
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1 Answer

Mike Lim
Replied
Morning John,

From the way you are putting your question, I would assume that you are looking at HDB unit, with a minimum area size of 125sqm.
With the current market and developement, 5 room flat are built at 108 to 115sqm. Hence 5 room flats with 118 to 137sqm are extremely rare. These units are ideal for bigger families or families who love good moving space, within the house. Do you see 5 room point block in Bedok, Bt Merah and TPY having their prices dropped drastically, even though they are quite old?
I have sold two units in Holland Ave and 1 unit in Jln Kukoh. They are 37 and 40 years old respectively. The sellers still managed to get bank's mortgage loan.

FYI
Mike Lim
 96929209 
ERA Read More
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