Property Views
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Coolkidsrock2\" post_id=\"2032924\" time=\"1628046427\" user_id=\"48901:
Interesting perspective. Let me discuss with DH. Initially I thought that huge piece of land in such prime location has great enbloc potential too but DH says land owner seems to be embassy’s so enbloc potential is zero?!
I like Hillcrest Villa too but we have built up too many relationships plus potential workplace in the East.
For leasehold, some of the projects have gone en-bloc and developers topped up the lease back to 99 years for the new project.
Even for existing projects, guess will be 水高船升. Don't think the older projects are losing money.
Feel that the younger generation are more neutral to the lease tenure. They seem to value lifestyle features and theme. -
doodbug\" post_id=\"2032836\" time=\"1627977768\" user_id=\"13281:
The appreciation is not a lot so probably many people still have the perception “want buy then buy a real landed”? But if I have to fork out $300k more that is a lot to me lah!
lee_yl, the appreciation for cluster/strata landed is not as strong as with regular landed. $2.9 mil to $3.2 mil is actually not fantastic appreciation, esp if you minus off stamp duty and agent fee.
cluster/strata landed also tends to have very very high monthly service charge. Anything from $500 to $1,300.
Also, there is a huge privacy issue for many cluster/strata landed houses as they are packed very close to each other, some developments, row after row.
you can rebuild a regular landed to expand build in area from say, 2000 sq ft to 4500 sq ft. you can't do anything to increase the square footage of a strata/cluster landed.
BUT, the rental yield for strata/cluster housing is generally better than with regular landed, esp if the regular landed is unrenovated or if the plot is not yet maximised.
I have seen quite a handful of clusters and most cannot make it. Hillcrest Villa is one of the better ones and it’s opposite Tan Kah Kee MRT and Hwa Chong. Only downside is that it’s a leasehold property.
In 2016 we nearly bought it but after much consideration, the money went to FH investment condos instead. So if we want to go ahead with Hillcrest Villa then we have to dispose off our FHs to get the LH! :roll: Hmmm…
And to buy a nice “real landed”, which DH believes prices for landed will continue to grow, we need to dispose our current matrimonial house (which we are still staying), but I would like to keep this due to sentimental value. -
:hi5: leeyl..now whenever I think back to the places we stayed before when not in Sg..all still like so real can feel everything..I believe if ever go in stay again heart sure beepok beepok lol though don't remember feel like that when first met my dh
if I ever need to flip property I think I better don't stay in. -
It will be so cool to own a property overseas. Something to look forward to.
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lee_yl\" post_id=\"2032931\" time=\"1628050000\" user_id=\"17023:
I don’t like the traffic along that stretch of the road.. however it will be attractive if my child goes to one of those schools close by.
The appreciation is not a lot so probably many people still have the perception “want buy then buy a real landed”? But if I have to fork out $300k more that is a lot to me lah!doodbug\" post_id=\"2032836\" time=\"1627977768\" user_id=\"13281:
lee_yl, the appreciation for cluster/strata landed is not as strong as with regular landed. $2.9 mil to $3.2 mil is actually not fantastic appreciation, esp if you minus off stamp duty and agent fee.
cluster/strata landed also tends to have very very high monthly service charge. Anything from $500 to $1,300.
Also, there is a huge privacy issue for many cluster/strata landed houses as they are packed very close to each other, some developments, row after row.
you can rebuild a regular landed to expand build in area from say, 2000 sq ft to 4500 sq ft. you can't do anything to increase the square footage of a strata/cluster landed.
BUT, the rental yield for strata/cluster housing is generally better than with regular landed, esp if the regular landed is unrenovated or if the plot is not yet maximised.
I have seen quite a handful of clusters and most cannot make it. Hillcrest Villa is one of the better ones and it’s opposite Tan Kah Kee MRT and Hwa Chong. Only downside is that it’s a leasehold property.
In 2016 we nearly bought it but after much consideration, the money went to FH investment condos instead. So if we want to go ahead with Hillcrest Villa then we have to dispose off our FHs to get the LH! :roll: Hmmm…
And to buy a nice “real landed”, which DH believes prices for landed will continue to grow, we need to dispose our current matrimonial house (which we are still staying), but I would like to keep this due to sentimental value. -
Zeal mummy\" post_id=\"2032956\" time=\"1628057623\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2032956 time=1628057623 user_id=58173]
I’ve a family who bought JB house & used to drive kids (Raffles) to sch daily but since covid they had to squeeze into mother’s childcare & all the dad’s fishes in tank died whilst he started a garden at the childcare starting last year. Ano family bought UK property near Oxford for daughter but since covid she’s not returned to sch, doing online lessons & took a gap-year. House there left unoccupied. SIL bought a condo in Penang but now marooned in Melbourne. In good times it was cool for them to take holidays in their own property in these holiday homes & return SG for family gatherings, but since covid, it’s been hard & SIL had to miss her mum’s funeral during Melbourne’s lock-down. Something to consider esp overseas properties.
It will be so cool to own a property overseas. Something to look forward to.[/quote] -
Estéema\" post_id=\"2032976\" time=\"1628061553\" user_id=\"66413:
Sorry to hear of your SIL’s unfortunate predicament. It’s hard during tough times, we need to stay positive and ride through this feeling stronger. Easier said..
I’ve a family who bought JB house & used to drive kids (Raffles) to sch daily but since covid they had to squeeze into mother’s childcare & all the dad’s fishes in tank died whilst he started a garden at the childcare starting last year. Ano family bought UK property near Oxford for daughter but since covid she’s not returned to sch, doing online lessons & took a gap-year. House there left unoccupied. SIL bought a condo in Penang but now marooned in Melbourne. In good times it was cool for them to take holidays in their own property in these holiday homes & return SG for family gatherings, but since covid, it’s been hard & SIL had to miss her mum’s funeral during Melbourne’s lock-down. Something to consider esp overseas properties.[/quote]Zeal mummy\" post_id=\"2032956\" time=\"1628057623\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2032956 time=1628057623 user_id=58173]It will be so cool to own a property overseas. Something to look forward to.
Thank you for sharing. May I know for the Oxford apartment, any running costs if left unused? Do we need to pay more as non-citizens/investors? -
Zeal mummy\" post_id=\"2032982\" time=\"1628062836\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2032982 time=1628062836 user_id=58173]
Sorry to hear of your SIL’s unfortunate predicament. It’s hard during tough times, we need to stay positive and ride through this feeling stronger. Easier said..Estéema\" post_id=\"2032976\" time=\"1628061553\" user_id=\"66413:
I’ve a family who bought JB house & used to drive kids (Raffles) to sch daily but since covid they had to squeeze into mother’s childcare & all the dad’s fishes in tank died whilst he started a garden at the childcare starting last year. Ano family bought UK property near Oxford for daughter but since covid she’s not returned to sch, doing online lessons & took a gap-year. House there left unoccupied. SIL bought a condo in Penang but now marooned in Melbourne. In good times it was cool for them to take holidays in their own property in these holiday homes & return SG for family gatherings, but since covid, it’s been hard & SIL had to miss her mum’s funeral during Melbourne’s lock-down. Something to consider esp overseas properties.[/quote][quote=\"Zeal mummy\" post_id=2032956 time=1628057623 user_id=58173]It will be so cool to own a property overseas. Something to look forward to.
Thank you for sharing. May I know for the Oxford apartment, any running costs if left unused? Do we need to pay more as non-citizens/investors?[/quote]Agree, we just need to stay strong & stay positive. Not getting overly anxious helps. Being cooperative with adversities certainly helps. Doubts & snide remarks don’t help. Having strong faith in how the subj-matter experts works closely together to keep us all safe helps. 🤜🏻🤛🏻 Stay UNITED!
On details of costs vis-a-vis non-citizens/investors, really hv no idea as we’ve long decided not to dabble in overseas properties as properties per se is illiquid & to not be able to hv most current news of a foreign country to react in time is added high risks.
We had opportunities to acquire US foreclosure property in the hands of a cousin previously but we realized these are high risks decisions & we’re non-high risks characters. Lol. Then, we had an occasion almost tempted to buy a resort unit at Mandurah, seems nice to hv & easy to pay for Managers to maintain & rent out to holiday makers, but chickened out when our family doc bought one previously but had very low yield. Hubby prefer other investment instruments to stomach the level of risks he can handle. -
Zeal mummy\" post_id=\"2032956\" time=\"1628057623\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2032956 time=1628057623 user_id=58173]
I have always dreamed of spending extended time to explore the UK in my retirement years. So much so that the very minute we finished with our HDB mortgage, unlike what Singaporeans usually do, I did not look for a property to 'upgrade to' in Singapore, but bought a small apartment in London instead.
It will be so cool to own a property overseas. Something to look forward to.[/quote]
Please do not underestimate the 101 issues that arise from purchasing, managing and selling and overseas property. Let me highlight a few.
1. The exchange rate fluctuations. I bought when GBP was about SGD$2.10. Today, the exchange ratee is $1.9.
2. All sorts of taxes. From inheritance tax, capital gains tax, to income tax. No other tax system is as simple and easy and straightforward as Singapore's.
3. Managing the service charges, council tax and all sorts of bills like gas, heating etc, especially when the property is vacant.
4. The regulatory requirements. You need to update your electrical safety and gas safety certificates once every x years, as well as other things like energy performance certificates.
5. You are completely dependent on agents for the letting of your unit.
6. If you are taking a loan, there is a lot to sort out too.
The positive side (and I can only speak for London properties as that is all I am familiar with) - the rental yield has been strong. The capital appreciation has been decent (though it's not been great post 2015)..
Is it worth the trouble? I would imagine anyone who has put the money in a good, well-located property in Singapore, would have made good gains too over the past 10 years. However, in my case, the considerations were different as UK is a sentimental place for me. -
Zeal mummy\" post_id=\"2032982\" time=\"1628062836\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2032982 time=1628062836 user_id=58173]
Sorry to hear of your SIL’s unfortunate predicament. It’s hard during tough times, we need to stay positive and ride through this feeling stronger. Easier said..Estéema\" post_id=\"2032976\" time=\"1628061553\" user_id=\"66413:
I’ve a family who bought JB house & used to drive kids (Raffles) to sch daily but since covid they had to squeeze into mother’s childcare & all the dad’s fishes in tank died whilst he started a garden at the childcare starting last year. Ano family bought UK property near Oxford for daughter but since covid she’s not returned to sch, doing online lessons & took a gap-year. House there left unoccupied. SIL bought a condo in Penang but now marooned in Melbourne. In good times it was cool for them to take holidays in their own property in these holiday homes & return SG for family gatherings, but since covid, it’s been hard & SIL had to miss her mum’s funeral during Melbourne’s lock-down. Something to consider esp overseas properties.[/quote][quote=\"Zeal mummy\" post_id=2032956 time=1628057623 user_id=58173]It will be so cool to own a property overseas. Something to look forward to.
Thank you for sharing. May I know for the Oxford apartment, any running costs if left unused? Do we need to pay more as non-citizens/investors?[/quote]Hi Zeal Mommy
Re Oxford apartment's running costs when empty -
1. Council Tax (depends on the council tax policies of the councils, many London councils now will still levy council tax even for void properties).
2. Dependiing on the electricity / heating company, some companies have a fixed standing annual charge that is levied regardless of usage.
3. Monthly service charges will definitely apply.
4. Ground rents will also apply, if the apartment is not freehold.
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