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HI, once the 99years lease is due, you will have to move out of the unit.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi Mdm. Lim

Technically speaking, when the balance lease is up, the land that the flat sits on reverts to the landowner, which in this case is the government, and there will be zero compensation.

Practically speaking, most owners will try to go for collective sales before that happen to extract value before their apartment value goes to zero. It is not so easy though given that 80% of all owners have to give consensus and agree to a price that works.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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Hi Mdm Lim,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Maureen,

When the lease runs out, the land will be returned to the state and you will need to move out from the unit. Your property value will go to zero as well.

It is always risky to purchase a very old development because if you want to exit 10 years down the road and the balance lease is 42 years old, the loan tenure for the next buyer will be much shorter and therefore your pool of potential buyers is also much smaller.

Please contact me privately so that I can understand your intentions and assist you further!

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Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.

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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Mdm Lim,

The guideline is that once 99 years lease is up, the property will be returned to state or the original land owner.

Prior to that, there maybe enbloc exercise to sell to developers, where developers may apply to the authorities to top up the lease back to 99 years.

In case you are unaware, SPH is organising The Home Expo 2024 this coming September and OrangeTee is proud to be the presenter for this event where we have lined up a total of 16 speakers who will be sharing on the different market segments and topics during the 3 days event. Do register for the event if you are looking out for more insights of the real estate market at http://bit.ly/THE2024Geryl. Looking forward to see you at the event.

——

I have been in the real estate business since 2009, with more than 14 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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Sure, here's a friendlier version in numbered points:

1. **End of Lease**:
- When the lease expires, the land reverts to the government.
- There will be no compensation for the flat.

2. **Collective Sales**:
- Owners often try to sell collectively before the lease ends to extract value.
- This process is challenging because:
- 80% of all owners must agree.
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