About 80% of Singaporeans live in HDB flats on 99 year lease. Many of us fall within this category, and we can read in the media that many Singaporeans and PRs are concerned about the remaining lease years.
Concerns include passing over to the next generation, ability to buy a used HDB flat when the balance lease is 40 – 60 years. Understanding the HDB flat is an asset and what 99 years lease means to retirees downsizing.
Let’s say our HDB flat has 40 years left, what can we do with these 40 years?
Let’s discuss, so that most of us can have a better understanding of this topic and it’s implication.