Asked by chan chance
what does 60 year lease hold mean to buyer
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4 Answers
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
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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SLSkydi LimRepliedThe 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
ERA Senior Marketing Director
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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
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
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
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
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
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