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The property TOP is in 1984. With 37 lesser years ,in 99 years lease. Is MND able to address how those HDB flats with lesser years balance lease going to be resolve?
What is the implication for home owners?
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3 Answers

Robbie Chen Chee Howe
Hi,

I believe this has been the hot topic over the past few years.

Although thus far there has never been any HDB that has gone down to 0 years lease, I think this is the situation we all will have to face in the future.

Government has already introduced plans like SERS and VERS to tackle these issues. You might wish to study on them.

Having said that, it is still advisable for us, the homeowners to make a decision in terms of our housing, and not let nature takes it course.

Failing to Plan = Planning to Fail. Thus, I advise all my clients to have a proper Asset Planning, and not leave it to "Fate". There is so much more we can do, to ensure that we do not fall into a situation whereby we end up homeless in time to come.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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 
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Dear Sir/Mdm,

I think the govt stand is that once the lease expire, they will be taking back the land and there will not be any residual value. Therefore, the regulations are tweaked such younger buyers will face more loan and CPF usage restrictions when buying older flats.

Please feel free to contact me so that I can understand your concerns and assist you further.

Regards,
Nick Tan
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Mani Subramanian Veeramani
Hello,

HDB flats with lesser years balance lease going to be resolve?
What is the implication for home owners? Does the remaining lease cover the youngest buyer to at least 95 years old? What happens when HDB 99 year lease expires?
What happens when a 99 year lease expires?
What will happen to old HDB flats?

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