Save today, spend more tomorrow: Things to note when buying a home with a short remaining lease
Making headlines recently, a 4-room HDB flat in Tiong Bahru with a short 51-year lease remaining was sold for a whopping $1.1 million, jumping on a bandwagon of HDBs crossing the million-dollar price point. However, cases as such surface only once in a blue moon. More often than not, informed property buyers avoid purchasing properties with shorter remaining leases. This is because, upon the expiration of the lease at 99 years, all ownership and rights to the land will be