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Is it worth to buy a HDB Flat which is 40 years old & above? The only advantage is that these flats are much bigger in size. In general HDB only offer the property of lease for 99 years.
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6 Answers

Dear Sir/Mdm

Good day to you!
I’m Daniel Tan from PropNex Realty.

Depending on your needs and requirement, older flats might be a better option due to its size.

However do be aware of the regulated use of CPF funds to financing the purchase. And also potential resale issue to come at time of selling away the flat in future.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a wonderful day ahead.

Best Regards

Daniel Tan
PropNex Realty Pte Ltd

(+65) 9477 5100 
daniel.tck@propnex.com
FB: @danieltanpropnexrealty Read More
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Hi Mr. Mugen,

In fact, older flat does have their uniquness to purchase.
You only need to understand the restriction of buying such flats:
(1) HDB loan is available only if buyer age + remaining lease >=80.
(2) Amount of CPF usage is restricted according to age + remaining lease.
(3) Most important, you do not planned to move anymore.

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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Robbie Chen Chee Howe
Hi Mugen,

There is no right and wrong in purchasing a 40 years old HDB flat. It all depends on your profile and family needs.

Although there are certain restrictions on such flats, it does not mean that it is not suitable for everyone. Everyone's needs are different, hence such flats may still appeal to some people.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Different purchasers made their decisions on their purchases based on different criteria, where value of the property as it ages may not be a significant consideration, therefore as long as you are making an informed decision, why not? I have also just purchased and taken possession of a resale unit above 25 years myself, because of my family priorities. The sale and purchase of a property, if it is a family home, does not necessary hinge on the potential dollar value appreciation.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
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WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1

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