Hi Gordon,
The balance lease is approx 63 years, which means buyers 32 years old and below will not be able to fully utilize hdb loan or CPF OA, (it will be pro-rated because it can't last them until 95 years old), meaning more cash top ups are required. This issue will continue as the balance lease continues to go down and with more buyer groups getting affected, in theory resulting in a shrinking buyer pool. The impact to you is that less buyers would be able to offer a better price considering the cash top up issue, which means in a way the lease decay issue is already affecting your attainable sale price.
If you look at older resale hdb prices generally they are starting to stagnate and it is getting difficult to appreciate further due to various hdb policies. Another thing is the longer the wait, the more the supply for newer BTOs not far from Serangoon will pop up and it will be harder to achieve a better price from today. (The BTOs at Hougang have started to get 5 year MOP, and 5 years from now Bidadari as well).
It may be a optimal time to sell now since its still advantageous to do so. You can recycle the capital into a property with higher potential capital appreciation potential.
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 11 Achiever in June 2020 (Top 1% Company Level)
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ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.
-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --
We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area.
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