Came across a blogger’s post about the Lease Buyback Scheme (LBS) available at HDB. This pique my interest and I decided to check out its info graphics at HDB’s website.
HDB Info graphics
Quoting directly from HDB’s website its example of LBS. This is what I get below.
Source: HDB Lease Buyback Scheme (as of 28 July 2017)
From the Info Graphic, we can infer two assumptions: i) a 65 year old flat is valued at $450,000 and ii) at the tail end of its 35 year lease, the HDB flat is valued at approximately $190,000. Let’s delve into the two assumptions further.
Leasehold Valuation of Singapore Property
The Singapore Land Authority (SLA) has a leasehold table which shows how much value of your property is retained as the number of years on its lease runs down. The detailed breakdown of the leasehold table can be found here on page 3 …