It states that “The impact of expiring leases can be expected to hit first- and second-generation satellite towns first and foremost, including Bukit Merah, Queenstown, Geylang and Toa Payoh, which have a large number of units with less than 50 years of lease remaining.
Interestingly, the impact of the expiring leases was a lesser worry in the past. In Toa Payoh, prices of HDB flats with expiring leases moved in tandem with the rest of the market.
The differences in prices of HDB flats between those with leases of less than 60 years remaining, and those with more than 60 years left, only emerged in 2015.
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications.