Property Views
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MyPillow:
MP
new FH is so expensive , how about the resale ones? so long well maintained ... usually fh is not big development toostarlight1968sg:
Visited Mont Botanik by Tuan Seng
The selling point is freehold.
Price is min 1.8k psf
I wish I can print $$.
I am keen on a FH small unit (ie 1 bedder or max 2) and small development near MRT. -
starlight1968sg:
MP
new FH is so expensive , how about the resale ones? so long well maintained ... usually fh is not big development tooMyPillow:
[quote=\"starlight1968sg\"]Visited Mont Botanik by Tuan Seng
The selling point is freehold.
Price is min 1.8k psf
I wish I can print $$.
I am keen on a FH small unit (ie 1 bedder or max 2) and small development near MRT.[/quote]I wish too
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with leasehold properties depreciating to zero value, buyers should think carefully before buying now.
condos are so expensive…money has become so small that millions is like thousands. prices of freehold now will also shoot up.
I wish I have a money tree which I can shake and give me cash. -
The price of the leasehold property which I bought in 2015 has increased by 30 per cent. Although the location is quite ulu. When I bought it, everyone was telling me prices were high and that I should not buy.
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Cloud Cloud:
The price of the leasehold property which I bought in 2015 has increased by 30 per cent. Although the location is quite ulu. When I bought it, everyone was telling me prices were high and that I should not buy.
Cloud,
You've shared a ver honest observation & it's true.
It's OK to buy if Mkt price dictates & for own stay. But to invest, then hv to weigh affordability & buffer in case for some reason can't finance mortgage loan. Those can buy fully paid then go ahead. Property will raise but risks are there.
Some young ppl over-commit thinking jobs always there to support mortgage loan & prizes will reap them a windfall. These days such windfall ard rare unless we've a economic crisis. There - risks. -
Previously I attended one property seminar where the speaker shared his analysis that for some areas, 99yr leasehold properties prices appreciated faster than FH properties. However, he did not go on to share what would happen to LH properties after 20 years. So DH suspected that it would be easier to make money out of LH properties only for the first 20yrs of the lease??
The next seminar I have signed up for is, Ways to transfer your private properties to someone else (example, your children) by trust/gift/will etc -
I see lesser visitors to Mont Botanik and wonder how is the sale.
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lee_yl:
We hv similar thots that LH value climb with price increases in same disyricts。 One of the reason why value decline, is when buyers cannot secure loan esp those >30 years & beyond. But valyevtowards the end depends on developer paying to extend land lease. If they hv difficulty or authorities made it known in their masterplan other plans & lease will not likely be extended, either no developer interested to touch or will not acquire with generous price for all owners. Mkt sentiments for both LH ofpte & public housing similar. Just silly the way HDB term owners.in essence same same ownership by lawPreviously I attended one property seminar where the speaker shared his analysis that for some areas, 99yr leasehold properties prices appreciated faster than FH properties. However, he did not go on to share what would happen to LH properties after 20 years. So DH suspected that it would be easier to make money out of LH properties only for the first 20yrs of the lease??
The next seminar I have signed up for is, Ways to transfer your private properties to someone else (example, your children) by trust/gift/will etc -
MyPillow:
Star, you are prepared to pay ABSD for 3rd property?
new FH is so expensive , how about the resale ones? so long well maintained ... usually fh is not big development toostarlight1968sg:
Visited Mont Botanik by Tuan Seng
The selling point is freehold.
Price is min 1.8k psf
Actually I agree w MP, you should take a look at the resale FHs. For $1800psf, you may even find some nice buys in D9-D11. My investment unit has a newly built underpass leading to Novena MRT right at its doorstep, and doesn’t cost anything close to $1800psf !! -
Estéema:
Market sentiments are the same for both LH and HDB because HDB resale prices often serve as the price floor for LH in the same district.
We hv similar thots that LH value climb with price increases in same disyricts。 One of the reason why value decline, is when buyers cannot secure loan esp those >30 years & beyond. But valyevtowards the end depends on developer paying to extend land lease. If they hv difficulty or authorities made it known in their masterplan other plans & lease will not likely be extended, either no developer interested to touch or will not acquire with generous price for all owners. Mkt sentiments for both LH ofpte & public housing similar. Just silly the way HDB term owners.in essence same same ownership by lawlee_yl:
Previously I attended one property seminar where the speaker shared his analysis that for some areas, 99yr leasehold properties prices appreciated faster than FH properties. However, he did not go on to share what would happen to LH properties after 20 years. So DH suspected that it would be easier to make money out of LH properties only for the first 20yrs of the lease??
The next seminar I have signed up for is, Ways to transfer your private properties to someone else (example, your children) by trust/gift/will etc
On the other hand, private LH condos and HDB, while both have a lease, have very different ownership rights (at least to me).
If enough owners agree, private LHs can be put up for enbloc sales after the condo hit 10yrs and make millions whereas HDB dwellers do not have this right. They can only wait for HDB to take back the unit when it suits HDB !
And not to mention to buy HDBs, it comes with many restrictions, and to has to fulfil MOP.
I would think that the nearest that can be compared would be ECs. After the 10th year, same class as private LH, can sell to foreigners or put up for private enbloc sales (?)
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