3 Answers

askguru expert
Hi Mr Mugen Fire, thanks for writing to us on AskGuru.

An HDB flat is generally for long-term occupation. If the property is for your own occupation, by all means, if the location is attractive and you can afford it, you can purchase it.

At the age range of 15 to 20 year, such flats are not subjected to pro-rated CPF usage. However, should you wish to sell your flat in future and the remaining lease is less than 60 years, it will be subjected to the pro-rated CPF usage. This may limit your pool of buyers.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More


Robbie Chen Chee Howe
Hi Mugen,

There are newer flats which are less than 10 years old in the surrounding areas that you had mentioned. In fact, I had transacted numerous of such units, and I can say the Buyers of these flats understands these facts.

I am experienced and well-versed in both private and HDB resale transactions. My area of focus happen to be in the Queenstown/Bt Merah/Central regions, and I'm very familiar with the transaction prices in around the area. 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


Taufik Hussein
Hi Sir
From investment perspective, HDB flats always shows a trend of depreciating value since 2012. However this is much more crucial for older flats as there is restrictions for buyers on terms of CPF usage and loan if they purchase a flat where the lease could not last them till 95 years old. This will result in a smaller pool of buyers should you plan to sell your flat in the future. Worst if your flat have less than 20 years lease left as such flat won't allow buyers access to CPF usage and any loans to finance it. However if you plan to purchase as a place of stay or retirement home, a careful planning is required to account for any unexpected events that might happen in future. Do contact me at 93375051 for a free and non obligatory consultation on this.
Taufik Hussein
ERA Realty Network Pte Ltd Read More