Currently, there are close to 400 condos that are between the ages of 19 to 24. As previously mentioned, many en bloc deals occur at this age - around 70+ so far based on available data.
Conversely, freehold properties are less impacted by age, as they have no lease decay. An example of this can be seen in Bala's Table, which is also quite similar to SLA's land value table: On the flip side, certain leasehold properties may be more resilient than others as they may carry an en bloc premium. Generally, this varies depending on the development but it does affect both freehold and leasehold properties.
This is a serious concern: Imagine settling into your "final home" at the near-retirement age of 55, then being forced to move in your 70s due to an en-bloc sale. Finding a replacement property is not so easy if home prices have risen, and your financing options are limited after retirement.This being said, we should consider the pace of en-bloc sales has been slowing
Source: Real Estate Daily Report (realestatedailyreport.net)
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