Are old HDB worth buying? Buying An Older Resale Flat Could Limit Your Retirement Options. While it may be a reasonable choice to buy an older resale flat with a lease of less than 50 years based on your circumstances today, you should also consider how it may affect your plans in the future.
Even if you plan to make this flat your ‘forever home’ and have no plans to ever move out, the shortened remaining lease does limit your retirement options. In a pinch, you might have difficulties selling, and might not be able to participate in the HDB Lease Buyback Scheme to boost your retirement savings. Potential homebuyers need to be aware of these considerations when shopping for an older flat.
Here’s a handy infographic on the 5 things you need to know before buying an older HDB flats with less than 50 years lease:
