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while we see HDB flats being resold at above $1mil and still sound like a steal.Likewise for condos , any decent size, starting price will be $1mil even around OCR. We all know a 99 year property will become zero value when the 99 lease is up, this is like COE, except that it has 10 times longer than COE, it is real that a property price will one day begin to depreciate when it reaches certain age, bank loan will be more difficult to secure, and towards the end of lease, the value of the property will become zero. We may not see the problem now since more of the properties are less than 50 year old, but there would be time, all the old properties will start to depreciate, the question is when? PM Lee also explained during 2018 NDR about why HDB lease was 99 years and what would happen to a 99 year property. https://www.channelnewsasia.com/news/singapore/ndr-2018-hdb-lease-99-years-flat-national-day-rally-10631442 foor for thought. Lai lai, covid 19 cannot go out, lets spam our keyboard harder. how old would a 99 property would be a buy buy or bye bye ?