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Dorian Manrique

22 Jun 2019

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What happens to your HDB Flat after 99 years is up? ?

One of the Gov department called to do a survey and I tried asking the surveyor but couldn't really find an answer.

Curious 😂

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Min

22 Jun 2019

My teacher has talked to us about this before, so i’ll just dump whatever he had told us here. if you’re interested more in it, you can google to learn more about it. my information might be incorrect in some form or another so read with an open mind!

In Singapore, there are no flats that have reached 99 years yet. However, a lot of flats have already surpassed the 40 years mark. The state will be issued back the land after 99 years are up, where they will renovate or demolish the entire building before putting it up on sale again.

As for the owners, they have to leave their property with no compensation when their lease have expired with no way of renewing or extending it.

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What happens to my HDB flat when the 99-year lease is up?

If we look at a HDB e.g. priced at $500,000. And since the lease is 99 years. If we look at this perspective of renting 99 years from the government, this will equate around $5,050/ year which is around $420/month. Hmmm?

I had bought a resale HDB flat with grant. After 10 years I sold and bought brand new EC. However, I have intended to sell my EC after 5 years. Am I eligible to purchase a new BTO flat?

Is there a significant difference between HDB and Private Condominium of 99 years lease old? Both expire in 99 years, the government will take back when the lease is up. What do you think?

Would you buy a HDB flat that is 40+ years old, with about 55 years left in the lease when one spouse is <30 years old?

Related Posts

What happens to my HDB flat when the 99-year lease is up?

If we look at a HDB e.g. priced at $500,000. And since the lease is 99 years. If we look at this perspective of renting 99 years from the government, this will equate around $5,050/ year which is around $420/month. Hmmm?

I had bought a resale HDB flat with grant. After 10 years I sold and bought brand new EC. However, I have intended to sell my EC after 5 years. Am I eligible to purchase a new BTO flat?

Is there a significant difference between HDB and Private Condominium of 99 years lease old? Both expire in 99 years, the government will take back when the lease is up. What do you think?

Would you buy a HDB flat that is 40+ years old, with about 55 years left in the lease when one spouse is <30 years old?

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