HDB flat is 37 years old and son is only 8.

Reader says:
Good morning AK!
I am your avid follower since I attended the Tea with AK session some time back.
Have started my retirement planning since.

My wife n I have this HDB lease concern. Flat is 37 yr old (and my son is only 8). Recently Lawrence Wong brought it up again. My wife want to sell and buy new flat in Seng kang. New lease 99 years so that can give my son and also preserve the value but I don't think it is a good idea. From mature to non mature estate. How ah? Appreciate your advice .

AK says:
It depends on what matters more to you. 🙂
Location or legacy? 😉


http://www.straitstimes.com/singapore/housing/to-buy-an-old-hdb-flat-or-not-that-is-the-question
Of course, this is not a new topic in my blog. Newer readers of ASSI who are interested might want to read the related posts below.

Related posts:
1. Resale flat or BTO in Bidadari?
2. Purchasing HDB flat new or old?
3. Buy 99 years leasehold or freehold?
"As many people have observed, owners of 40-year-old flats may find it harder to offload their homes to new buyers now, as people become more aware of the risks involved in taking on a home with a fading lease. "
Source: The Straits Times