6 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

Such HDB flats do indeed come with bigger floor areas. However, should you wish to resell it in the near future, the flat will be subjected to the pro-rated CPF usage which will limit the pool of buyers. As such, you may have difficulties selling them.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More


Kelvin Tay
Hi Yong,

a very good day to you.

To begin with, each and every individual purchase property for various reasons. What i suggest is that you evaluate your objectives and see if they will be met.

Secondly, government/hdb policies changes over time, so it is almost impossible to set a fix outcome for the next 70 years. As such we evaluate the possible outcomes and decide if we are to take on the risk or opportunities that may surface at a later stage.

Do Feel free to contact me if you have other questions. Have a great day.

Yours sincerely,
Kelvin Tay

Associate Group Director | Propnex Singapore
BSc Business Analytics
Dip. Building & Real Estate Management

https://www.facebook.com/KelvintayProperty/ Read More


Nick Tan
Dear Yong,

For HDB flat, you are right in the sense that the value will depreciate to zero if there are no SERS. For bigger flats, their value do hold better as compared to smaller ones due to limited supply. It is also important to buy in a good location so that the demand will still continue to be strong in the future when you wish to sell.

Another way could be looking at it in terms of depreciation per year or per month. You can just treat it as a roof above your head and it is definitely cheaper as compared to renting a unit.

Please feel free to contact me so that I can understand your objectives better and provide you with more informed recommendations.

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

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Ling CK

1) The depreciating lease is applicable to all leasehold property in Singapore, both HDB and private.
2) SERS programme is initiated by the gov, there are less than 3% out of the whole HDB population that receive this incentive, quoted from Lawrence Wong when he was the Minister of Nation Development.
3) Enbloc is initiated by one or more of 200 private developers in Singapore. Thus we always said there is a chance of enbloc in private residences. Note that there are more than 3,000 private developments in whole of Singapore, inclusive of both freehold and leasehold.
Therefore the chances is always much higher than HDB flats.
4) There are already a few government project that were built way before Singapore independence had reached their end of lease recently. One of plot I vividly recall is somewhere in Geylang, some landed terrace. Most if not all were used for storage purpose. Shifted out without any compensation, and if you did not notice means there were no challenge from the ground.
5) The vast majority HDB that were built in the early days such as those lease started in late 60's, still have 43/44 years since our nation independence. So we have quite a long way before this vast majority flat lease expire. And we won't know what gov will do to those who are still living there. But for sure the 1st generation who bought them already passed away.
6) According to the national rally speech delivered by our prime minister seems like there is not going to have any compensation, rather just rejunevate to keep them as livable as possible.
7) So come down to yourself what is your main objective of choosing these executive flat. Is it because you need or you want the big space?
8) Because these old executive flat does not come cheap. If it is the need due to big family size, multi-generation family, etc. It is quite a good choice.
9) However, some feel that even though the space is big enough, there will still be conflict due to lack of privacy. This is also one of the reason why there is a multi-generation scheme in HDB, that separate elder from the younger. So that they live in the neighbour or even on the same level, but on separate unit.
10) Therefore conclusion is you have to really ask yourself hard on your main objective.

Hope the above answer to 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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Joshua Cheong
Hi Yong Jun,

Hope all is well.

That’s a possible scenario you have described which depreciating lease may becomes an issue when you are looking to move out many more years down the road. It also depends on whether you are looking just for home stay, perfectly fine with the 70 years lease period (your age and lease should add to 95, otherwise loan is affected), location, size, amenities, family nearby without the need to pass down anything for the future generation. Otherwise it will be a concern as the percentage of HDB going through en bloc SERS is low.

Please feel free to contact if you have more queries.

Be blessed,
Joshua Cheong (ERA)
Restful Increase Property Sg Read More


Robbie Chen Chee Howe

Yes, it is true that older HDB flats will face the impact on its depreciating lease, and it will be $0 when the lease runs out to Zero.

Having said that, it does not mean that Executive Apartments cannot be sold and has no value. In fact, the record for a resale HDB is at $1.268m, and it is set by a HDB terrace with a balance lease of only 50+ years!

Ultimately, it depends on what is your objective of the EA flat purchase. Do you have a big family and require a big and spacious unit for your growing family? If so, and it matches your family needs and requirements, then it will be worthy for you to consider.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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