What happens when HDB flat reaches 99 years?

• allkosong

  19 Feb 16, 15:18

  Hi there - Anyone knows what happens to the residents when a block of HDB flat's 99 years lease period is up?  Thanks in advance for your response.

   

• Pyp.singapore

  22 Feb 16, 21:02

  becomes gov property

• Freebies11

  26 Feb 16, 04:52

   

  What happens when HDB flat reaches 99 years?

• Darkgates

  2 Mar 16, 21:58

  Some brilliant minister said in parliament that it becomes zero. so siao liao lor.

• Luiscomeon

  3 Mar 16, 16:44

  So, would they extend the "lease", ask to pay or just destroy and rebuild new ones? I am thinking, depending on the location, their plan, and how much they have in their reserve, they would either extend the lease or sell the land to private companies. Any clue? Mine still got 40 years to go...

• Darkgates

  3 Mar 16, 16:51

  Prior to that minister's announcement, there were cases when en-bloc exercises were done. People moved to new flats, topped up a little and the lease started over again

• Luiscomeon

  3 Mar 16, 20:58

  Ok, so it may not be a total loss after the lease. Who knows, maybe our gran kids could still get money out of it! Haha

• Yanr0001

  20 Mar 16, 19:16

  I think HDB will find some way to extend the lease, if by that time, the block has not been en blocked.

• gekpohboy

  20 Mar 16, 20:04

  Which family stays in the same house for 99 years? I mean, until now, who in Singapore still live in the same house as he lived in 1917? When people buy house earliest at around twenty-five years old, would they live until one hundred and twenty four years old to see their house lease expire? Maybe, in future, eventually, as technology advances. Anyway, when their children grow up, they will likely also move out and buy their own house, and the cycle continues. By then, the elderly parents may want to buy elderly condominium or something, to live their own two-people world, since they do not need such a big house (even with two bedrooms) anymore.
• KingsfordWaterbaySG

  24 Mar 16, 20:35

  My guess is that after 99 years the government will take back the HDB. HDB will demolish and rebuild to sell as affordable public housing again.

   

  If the government were to en-bloc the HDB, they will not be able to rebuild and sell as affordable public housing. In Singapore HDB BTO flats are the most affordable homes Singaporeans can purchase. If HDB BTO prices were to go up, HDB resale market prices would also go up it will drive the whole property market in an upward spiral. Hence, I strongly believe that HDB after 99 years will go back to the government hands whether you like it or not. This is to keep our Singapore housing prices stable.

   

  HDB have a restriction on how much CPF you can use if you are purchasing a HDB with less than 60 years lease. This is to discourage people from purchasing older HDB. Many buyers are inclined to purchase older HDB flats because they are very spacious as compared to the newer HDB. With this being said, for those people that have bought the HDB at record high prices it will just be too bad for them. They just have to return their flats once the tenure is up.

  These are just my views. What do you guys think?

• min ling

  25 Mar 16, 19:29

  nothing. Just sell it through rentinsingapore.com

• Chua0166

  28 Mar 16, 15:06

  i agree with Luiscomeon

• KingsfordWaterbaySG

  28 Mar 16, 18:00

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• Lisaoctaviaoctopus

  30 Mar 16, 11:35

  Hi there, here is some good info and tips about HDB that I think answers your question :)   https://www.99.co/blog/singapore/category/buying-in-singapore/hdb/