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Is this flat is 99 years ,my father buy 2 room studio at this blk in 2001 at 64500 dollars, if return back to HDB now 2022 how much my father would get return money. From HDB
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5 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, majority of the HDB flats are only for a 99 years leasehold.

Regards
Aaron Chong
 9730 8455 
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Hi,

Is this bought as a 99 years leasehold flat direct from HDB, if so, you can also consider to sell in the open market and need not return to HDB.

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
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Hi
Although this block is on 99 years lease, you need to check with HDB whether your father bought it under the flexi lease (short lease) scheme or normal 99 years lease. If your father bought it under short lease scheme, the flat can only be returned to HDB and you will need to check with HDB on the compensation amount. If this flat is bought under 99 years lease, your father will be able to sell it on the open market and rake in huge profits especially with the buyer's market situation nowadays. I would be glad to assist you on this. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
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Dear sir/mdm,

It is best to check direct with HDB if this has to be returned to HDB or can it be sold in the open market given that if your dad purchased this back then under flexi lease option, then he will need to return to HDB and whether does it involve any monetary proceeds, it is best to check with HDB direct. If it was purchased on a normal BTO option, then we can actually market this in the open resale market and potentially work out the projected proceeds based on outstanding loan and the CPF utilised including the accrued interest.

Dear sir/mdm,

PropertyGuru only allows registered agents with a paid subscription with PropertyGuru to put up their listing for sale or rent. I have recently just paid over $13k to renew my subscription with PropertyGuru. Home owners are encouraged to consider engaging the services of an agent to market their property for sale or rent, since commission is only applicable for every successful transaction, thus you can actually factor in this commission amount into the final rental price such that the tenants are the one indirectly paying for the commission, instead of home owners paying the advertising fees whether or not a tenant is successfully secured. In addition, agents will also run through the due diligence process to reduce the amount of risk for home owners when renting out their property through a series of legislative checks required to protect the interests of landlords.

I am currently managing an expatriates community with over 14,000 members where a number of them are actively seeking accommodation in Singapore and I believe this is also an added channel to optimise the reach out to potential tenants for your property available for rent. If you are keen to discuss more, let's chat!

I am contactable on my mobile or you can actually drop me an email too.

Looking forward to hear from you.

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.

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Hi,

1) Although this block is listed as 99 yrs leasehold under the HDB, your father could have opted for the Flexi-lease instead.
2) Thus it is best that you check with the HDB to confirm and ask for the current value for surrendering. You may get to them via the feedback channel:
https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback
3) If this unit is a 99 yrs leasehold type then you may sell it in open-market, otherwise, you can only surrender back to the HDB and claim back the remaining lease at today's market rate.
4) But do note that this market rate is determined by the HDB and not from any valuer.

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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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