Property Views

[Ikid]

pirated:

TheAnswer:

[quote=\"Ikid\"]Property Name:\tLakeside Apartments

TOP in 1970
Listed Price (psf):\tS$ 639.00 psf (built-up)
Left with 54 years, wonder if enbloc will take place.

Any recent transactions? If not enbloc then what will happen? Stay there forever?

Lelong lo[/quote]Lelong maybe also cannot get buyers, ? Just need to hold till lease is up, use it for rental purpose.
Can I presume if property is for own stay, once property lease is up, 99 years, ie family stay till 99 years, only paper gain, but no cash gain, so isn't it advisable to sell 99-year HDB or condo after staying it for like 25-30 years?

[MrsKiasu]

This is interesting…what will happen to the unit, if 99 years LH is up?

[hquek]

MrsKiasu:

This is interesting..what will happen to the unit, if 99 years LH is up?

A friend stayed at a shophouse near to where Bugis is today. The 99 year lease was up and the family had to leave the shophouse but govt let them select new HDB flat. That was many years ago. If it's the same now, basically no compensation since the lease was exhausted.

[MrsKiasu]

hquek:

MrsKiasu:

This is interesting..what will happen to the unit, if 99 years LH is up?

A friend stayed at a shophouse near to where Bugis is today. The 99 year lease was up and the family had to leave the shophouse but govt let them select new HDB flat. That was many years ago. If it's the same now, basically no compensation since the lease was exhausted.

You mean there is not a cent of compensation but only given priority to select new HDB flat :nailbite:

[pirated]

MrsKiasu:

This is interesting..what will happen to the unit, if 99 years LH is up?

For cars at the end of COE there is scrap value. For 99 year L/H, it is worse, no scrap value

[MrsKiasu]

pirated:

MrsKiasu:

This is interesting..what will happen to the unit, if 99 years LH is up?

For cars at the end of COE there is scrap value. For 99 year L/H, it is worse, no scrap value

How about our HDB, any idea?

[Coolkidsrock2]

Lease re-set under SERS.

[pirated]

MrsKiasu:

pirated:

[quote=\"MrsKiasu\"]This is interesting..what will happen to the unit, if 99 years LH is up?

For cars at the end of COE there is scrap value. For 99 year L/H, it is worse, no scrap value

How about our HDB, any idea?[/quote]If you hold it till end of 99 years, no scrap value too

Plus you can't call for enbloc unless the HDB select it for enbloc - SERS

[MrsKiasu]

pirated:

MrsKiasu:

[quote=\"pirated\"]
For cars at the end of COE there is scrap value. For 99 year L/H, it is worse, no scrap value

How about our HDB, any idea?

If you hold it till end of 99 years, no scrap value too

Plus you can't call for enbloc unless the HDB select it for enbloc - SERS[/quote] :thankyou:

[MrsKiasu]

Coolkidsrock2:

Lease re-set under SERS.

I guess that is because during SERS we will get new flat and therefore lease will start all over again?