Property Views
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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 (?) -
Someone ask, so I share.
https://www.ubs.com/global/en/wealth-management/chief-investment-office/our-research/life-goals/2018/global-real-estate-bubble-index-2018.html
In summary:
UBS latest report puts Hong Kong in property bubble territory.
Singapore remains fairly valued. Prices are 5% below 2011 peak and we are one of this study’s few cities whose affordability has actually improved over the past decade. -
Saw the banner ad on this website:
Jadescape 99yr LH condo 5br 2088sf unit going for S$3.335m… can buy FH landed in that area leh… So why would anyone want to spend >3m on a LH condo outside CBD? Cannot understand… -
cherrygal:
Could it be targeted at foreigner who cannot own landed.Saw the banner ad on this website:
Jadescape 99yr LH condo 5br 2088sf unit going for S$3.335m... can buy FH landed in that area leh... So why would anyone want to spend >3m on a LH condo outside CBD? Cannot understand...
For one of the place that we own, they are selling the fh cluster house for $5.6MM. For that $, I rather buy a landed. But 2 out of 4 are sold and seldom see the owner around. We guess they are foreigners. -
MMM:
Different strokes for different folks. I may love to eat Nasi Lemak but I cannot assume that everyone likes to eat and must eat Nasi Lemak like me.
Could it be targeted at foreigner who cannot own landed.cherrygal:
Saw the banner ad on this website:
Jadescape 99yr LH condo 5br 2088sf unit going for S$3.335m... can buy FH landed in that area leh... So why would anyone want to spend >3m on a LH condo outside CBD? Cannot understand...
For one of the place that we own, they are selling the fh cluster house for $5.6MM. For that $, I rather buy a landed. But 2 out of 4 are sold and seldom see the owner around. We guess they are foreigners.
We must, firstly, get out of this FH > LH mindset. There are a few reasons that I can think of for someone who might be interested in the said unit over a landed:
1. Foreigner
2. Someone who is looking for facilities, etc
3. Someone who is looking for a house but not necessary a home
Probably many more reasons.
The unit in Jadescape works out to be less than $1,600 psf. Only slightly higher or on par with some of the other recent offerings in District 20 e.g. The Panorama, Adana @ Thomson, Thomson Grand, Thomson Impressions. However, it's worthwhile noting that none of these recent projects have 5br so it's probably kind of a rarity appealing to a very specific type of buyers. -
Estéema:
u mean u get tenants to sign a weekly home cleaning for individuals? will that be a top up on their own or absorbed into the monthly rent, which is already at market rate?You can try CoolMaster - 6481 6327
They've got a team of very reliable guys
Typically, I pass contact to my agents to suggest they get contract signed up once TA signed. For Tenancy, I've set up arrangements for air-con contracts signed under tenants' name. I've also made arrangements for weekly home cleaning if it is not rented to a family. This is to ensure they don't give me surprises (again, I've asked agents to pass contact). These cleaning contracts commences in tandem with TA & it has a deposit reqmt if I rmbr correctly. I get regular feedback on condition of my place & will activate my agent to check if sth suspicious shows up. So far, only one elderly American couple with their frd didn't need the cleaning service & I obliged.
my tenant tried to negotiate by saying that landlord will clean/ arrange cleaning of the house for them at no charge... plus use the landlord's name for utility and internet bills. that's not the norm right? -
As my unit gets rented usually quite fast & I made sure all repairs & touch ups done for every change of tenants, so at point of signing TA, we wld negotiate weekly cleaning to be part of tenants’ responsibilities built into TA. I’ve used the professional cleaners & arranged for supervisor to provide me feedback. We did not absorb this cleaning expense nor is it in my rental.
Rental apartments are not service apartment, so we do not clean their apartment, nor pay for their utilities. There was a family on company expense, but request we incl utilities as part of rental but he can agree to up my rental by a couple of hundreds. We didn’t take up the tempting offer, simply bcoz I’ve seen some expats in my area who wld leave lights & aircon running till he returns fr his trip. Thats a lot of waste & wears down yr appliances/eqpt. Most unconscionable.
If u’re renting an entire apt then they shld sign up utilities & internet under their names. Think some forumers here shared internet is becoming a norm for LL to provide. For us, same as utilities consumption, internet is their own responsibility. Just sharing. You might want to heat fr others.
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