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https://www.channelnewsasia.com/singapore/hdb-bto-lawrence-wong-resale-million-dollar-flats-5022341
Q: When your house nears its lease term, the value of your flat starts to fall. How do you address that?
(At) the end of the 99-year lease, whether it’s a private condo or whether it’s a HDB flat, yes, they have to be returned to the state.
Ninety-nine years is in fact a very long time. It’s more than enough for any individual. If you buy a flat as a young couple or as a young single, you will have more than enough value in the flat through the 99 years.
And because Singapore’s population is getting older, we have developed new policies to enable Singaporeans to do so, through the lease buyback scheme. We started out lease buyback only for smaller flats. Over time, we have allowed lease buyback for all HDB flat types.
If you are living in a private condo ... you don’t even have access to such monetisation or scheme to unlock value. You can only rely on en bloc, and it’s not assured ... It in fact not very many get en bloc.
This message was edited by LONGSTER on 29-Mar-2025 at 4:41 PM
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PM LONGSTER
29-Mar 2025 Saturday
4:13 PM (6 days ago)
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