24 Feb 2020
Am a 44 yr old single parent. Kids from 17 to 22. I need to buy a hdb flat in the coming months. Looking at larger units.
Budget 400k. Is it wise to buy a 40 yr old flat going below 80k of its 2019 value. What are the implications? Advice appreciated.
If the old flat remaining lease can't cover u until 95 years old, the cpf usage will be pro rated.
So next time when u want to sell, the buyer will face similar problem and it may affect the resale value.
If u intend to keep for the rest of yr life, then no big issue. Otherwise u may want to avoid those flat that alr more than 40 years old.
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