facebookIs it ok to buy a 78yr balance lease condo? Intend to stay for 15yrs. when time to sell/down grade the remaining lease will be left 63 years ... Please share your ideas. Thank you!? - Seedly

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          Anonymous

          31 Aug 2020

          Property

          Is it ok to buy a 78yr balance lease condo? Intend to stay for 15yrs. when time to sell/down grade the remaining lease will be left 63 years ... Please share your ideas. Thank you!?

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              What are your thoughts?

              Duane Cheng

              Duane Cheng

              31 Aug 2020

              Level 9·Financial Consultant at Prudential Assurance Company Singapore

              Hi there,

              If the said condo, would be for you and your family to live in, why not? However if you are looking in terms of asset appreciation, and opportunity cost, its a whole different situation.

              Some places are still commanding high prices, due to good location with access to infrastructure and amenities, even at the 60-year mark. If you were to commit to a condo, and you are also trying to factor in future value, then you might want to also account for paying a premium for a good location.

              Hope i was able to shed some insight!

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