4 Answers

Robbie Chen Chee Howe
Hi,

Balance lease means the remaining lease of the property. When the lease falls to Zero, the land is to be returned by to the State.

In terms of purchasing such a property, a Buyer may face restriction in terms of mortgage loan and CPF usage for the property. The lesser the balance lease, the stricter the restrictions.

I am experienced and well-versed in both private and HDB resale 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
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  • SL
    The agent can be contacted at whatsapp hp 88337638  , and this agt really good
Hi,

Balance lease refers to the remaining lease of the property. Technically speaking, the land is leased for 60 years to the property owners and when the 60 years period is up, they are required to return the land to the State at zero costs.

For the potential buyer, even though it seems cheaper on paper, but there are potentially cpf and loan restrictions hence a higher cash outlay upfront. The less the balance lease, the stricter the restrictions. You may also have problems doing a resale next time as well.

May I have more info and requirements about your plans so 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 Sir
I would assume there are 60 years lease left. Typically the standard lease for a private property is 99 years which means the property has reached it's 33rd year. The consequence of buying such a property is that CPF usage and loan restrictions applies for buyers.. Even if you managed to qualify in purchasing the unit without any restrictions, you might have a problem selling it in the future as there are lesser pool of buyers that qualify. I do provide free service for purchasing of private property from consultancy, arranging for viewings, negotiating on your behalf and handling the buying process. Do contact me at 93375051  for a non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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Hi Sir

I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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