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Hi Sir/Mdm,

Yes you are right in stating that not all leasehold condos will undergo enbloc successfully and therefore there are price difference between similar age condos in the same location. Most condos in Singapore have not reached the tail end of their lease yet and therefore owners are not panicking yet.

It is therefore important to purchase 99 years leasehold condos with good attributes so that you can be assured that they will continue to attract strong demands even when they are older and also make good choice candidates for enbloc.

Please feel free to contact me if you need any further assistance. Thank you.

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Nick Tan
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Hi,

Most 99 year leasehold projects in Singapore are still quite far away from the balance lease of 30 years mark, so they are not really worried about that. Also only approx 20% of population stays in private residential dwelling, so this number is considerably smaller relative to HDB owners. Further there have been encouraging results of older developments successfully going through enbloc so its a matter of price expectations. There is also the lease top up option at a fee for private developments
If I were to make a guess, most of the older properties apartments owners are 1st owners and bought at quite a relatively low price and have already pay off or almost pay off their private properties. Hence there aren't many pressures regarding this aspect as yet.

Just my 2 cents. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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The difference in HDB and private properties lies in the ability for the owners to make a decision to affect the outcome. For HDB owners, they have no control over whether the block where their unit is located in will be selected for SERs. For private properties, at some point in time when project gets older, they may start to consider for enbloc, where committee will be formed to look into the entire process and finally it will boil down to the pricing. You are definitely right in that when most projects of the same age group approach their lease expiry but not went through collective sale, it may create some panic, but they may still be able to exit with a lower price for the enbloc process.

Given the geographical size of Singapore is small, government will be unable to continue introducing government land sale, thus for developers who are looking to stock up their land bank, enbloc is the only other option they can do so.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Geryl Lim
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Hi,

1) The main difference between the two is, you may voluntarily do something for a private, whereas you can't do anything for an HDB flat.
2) You owned the land and the unit for private property. You are only a tenant for the HDB flat.
3) Thus you may opt for en-bloc or renew the lease back to 99yrs if this is a leasehold, of course, subject to approval.
4) Whereas, you can only sit and wait till the lease end for HDB.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

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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