Can an HDB with 89 years left on its lease sell well?

An HDB flat with 89 years left on its lease can sell well, especially if it is relatively new and in a popular location. Recent transactions show that flats with around 89 years left have achieved high resale prices; for example, a five-room flat in Sengkang with 89 years and 5 months remaining sold for a record price of over a million dollars.

In general, newer HDB flats—those with more than 85 years of lease remaining—tend to attract strong demand because buyers face fewer restrictions on CPF usage and loan eligibility. The value impact from lease decay is minimal at this stage, and most buyers are not deterred by a lease that still spans more than eight decades.

Successful resale prices also depend on other factors like the flat’s location, view, floor level, and surrounding amenities. As seen with transactions in various estates, well-located and well-maintained flats with long leases can fetch premium prices if demand is strong.

When the lease drops much lower (for example, below 60 years), buyers become more cautious and values may be affected. But with 89 years left, a resale HDB flat is still seen as a very viable and attractive option in Singapore’s property market.