Nope.
HDB sell the property land for 103 years lease.
Developer then build the HDB flat.
Then when finish hand over to owner.
Lease start from DDMMYYYY sold to Developer(103)-4 years= Lease start date
My unit was completed before the 99 years. I took the key in Nov 1996 but lease start from 01 Jul 1997
Blk 27 Balam Rd S(370027)
Lease Start Date : 01 Jul 1997
Lease Duration : 99 years
Remaining Lease : 78 years (as at date of enquiry)
https://services2.hdb.gov.sg/web/fi10/emap.html
Click housing
Click the red housing belonging to your block
Flat Type 5-Room Flat Model Improved
Approximate Floor Area 126 m2
Date Of Application 25 Oct 1993
Date Of Purchase 01 Nov 1995
Purchase Price $225,600
Premium 10% of Purchase Price $225,600 instead of levy of the selling price.