To sell or not to sell our pty
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have you visited any strata landed properties? i find the new (those built in the last 5 years) ones have very small bedrooms and too close to each other for privacy. i saw one at barker road some years ago and though i like it very much, the rooms are too tiny.
the older ones like fernhill cottage, kews garden (i think thats the name) and summergarden (i think that’s the name and it is at bedok/simei) to name a few are better valued for $$$. -
Yes agree those strata landed properties have very small rooms… We’ve a relative staying in a 5 storey strata landed which comes with a lift. But as they described, it’s just like the build up from 2 carpark space. Their masterbedroom is really tiny not to mention the other bedrooms. It feels very cluttered. As there was a big group visiting during CNY…got problem finding a place to sit as it was just so tiny.
I would prefer landed as there is always an option to upgrade the house should you want to. You can choose to build an additional room, etc… if you can do so financially or structurally.
I was joking with ds who is turning 9 this year that he need to start to save up $1mln so that he can potentially rebuild/ upgrade the house in 20 years time. His dream house is 5 storey so that we can potentially have at least 12 bedrooms. One level for us, one level for my parents, one level for pils, one level for kids. Or in the future, 1 level for dd1 and her family, 1 level for ds and his family, 1 level for dd2 and her family, and 1 for us. But parking would be a challenge.
Well… I am day dreaming… Hubby is always like… why do we need such a big house??? What is so great about it??? Imagine if there are only 2 of us in such a big house??? Isn’t it scary? His dream retirement home would be a high floor condo with great view. Don’t have to ensure you lock all the doors, grilles, etc (for landed)… just need to lock the main door of the condo unit. -
Yah, I have seen a few previously when we were house hunting. Agree that the rooms are smaller then landed. However coming from living in a condo, well, I think same difference.
The few I saw had teenie tiny open concept kitchens which I hate. I want a functional kitchen not a display area. :roll:
But I guess sometimes, for the sake of some stuff, gotta forego others. So just wanting to get more opinions about strata landed. One of the main consideration will be its value in the long run as well. -
i have seen mine gone up in value and easily rented out. but i think you can only sell it to citizens just like landed.
to me, it is still a matter of location location location and within my budget.
for my next house, i would definitely go for landed cos' my kids are getting odler and i need space when they bring friends home. also most landed come with a small lappool as well. but alas, house price is very high now. -
MMM:
i met a seller sometimes ago who was moving into his own building together with his parents and grown up kids. it was a small a few storey high building in balestier and each of his kids has a unit on each floor. so they are near but not too near to each other.Yes agree those strata landed properties have very small rooms.... We've a relative staying in a 5 storey strata landed which comes with a lift. But as they described, it's just like the build up from 2 carpark space. Their masterbedroom is really tiny not to mention the other bedrooms. It feels very cluttered. As there was a big group visiting during CNY...got problem finding a place to sit as it was just so tiny.
I would prefer landed as there is always an option to upgrade the house should you want to. You can choose to build an additional room, etc... if you can do so financially or structurally.
I was joking with ds who is turning 9 this year that he need to start to save up $1mln so that he can potentially rebuild/ upgrade the house in 20 years time. His dream house is 5 storey so that we can potentially have at least 12 bedrooms. One level for us, one level for my parents, one level for pils, one level for kids. Or in the future, 1 level for dd1 and her family, 1 level for ds and his family, 1 level for dd2 and her family, and 1 for us. But parking would be a challenge.
Well.. I am day dreaming... Hubby is always like.... why do we need such a big house??? What is so great about it???? Imagine if there are only 2 of us in such a big house??? Isn't it scary? His dream retirement home would be a high floor condo with great view. Don't have to ensure you lock all the doors, grilles, etc (for landed)... just need to lock the main door of the condo unit.
i like that but needs a lot of money to have own building
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Maybe just to share some perspective in terms of value based on what on we experienced.
We bought a 30+ yr old terrace back in 2008-2009 with a good land size. We did extensive A&A works. Right now, the value has more than doubled.
We've a relative who bought their brand new strata landed shortly after us as they were enticed by the 6 bedrooms and facilities. In looking at the current value in ura transacted caveat versus the amount they invested, it increased by around 10% in today's market. Which is actually very low given that the market has risen so much.
We were actually shocked at their purchase, with the same budget size, they could have easily gotten a semi-d and do A&A works and have a much bigger house to accomodate everyone.
Sorry till now, I still find that they made a bad investment decision back then. They claimed their house is too small now as they have 6 tiny bedrooms that they have to relocate their parents permanently to their sisters' house (separate discussion).
So I personally feel that landed tends to hold better value as compared to strata landed. Everytime I walk pass those newly build strata landed, can't help but look into the house.... you can see through it. -
LOLMum:
i met a seller sometimes ago who was moving into his own building together with his parents and grown up kids. it was a small a few storey high building in balestier and each of his kids has a unit on each floor. so they are near but not too near to each other.
i like that but needs a lot of money to have own building
Yes, just a common kitchen but otherwise each of them have their own level which can easily accomodate 3 good size bedrooms (definitely bigger than the new development master bedroom) nowadays and a reasonable sized family hall where they can have their own tv set in case they want to have their own privacy. Each of them can have 2 kids each
Then maybe can combine resources for food, domestic helpers, etc....
Yah.... unless I strike lottery then can do such thing. But I don't buy lottery and don't believe I will get lucky. We are employed and not self-employed so our income is predictable. So got to ask son to start saving for his future. Also provided they can get along well with each other. Still dreaming...
At novena area, there is this interesting building that has those mosque like designs. Read that it is owned by some rich muslim businessman and that entire block is for his family. -
Funz:
Hi Funz,Yah, I have seen a few previously when we were house hunting. Agree that the rooms are smaller then landed. However coming from living in a condo, well, I think same difference.
The few I saw had teenie tiny open concept kitchens which I hate. I want a functional kitchen not a display area. :roll:
But I guess sometimes, for the sake of some stuff, gotta forego others. So just wanting to get more opinions about strata landed. One of the main consideration will be its value in the long run as well.
How about considering buying 2.5 storeys landad terrace house or buy landed old terrace, tear down old 1-storey house and rebuild to 2.5 storeys?
Although I dunno much about strata-title landed but such development are standardized with managed facilities hence the main difference would be although landed, owner cannot change anything to the house at all ie. add a room, change windows etc.
Whereas if you buy landed and re-build (I am assuming financially it is not much of an issue to your family), you can design the whole house to your own heart's content, kitchen, parking lodge and all.
Like you said, whether staying in a condo. or a strata-titled landed somehow not much difference. Why not consider pure landed private house/terrace then?
Again it is just my kaypoh 2-cents worth of opinion!
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hi mmm,
can i just check to see if you (not necessarily you but also friends) have any problems with neighbours wrt simple and silly issues like parking on the road, leaves from neighbours’ trees in your area etc.
one thing that is holding me back slightly is nasty neighbours. so far living in condo has been okay for us. any dispute, the management will handle for residents. but been hearing stories from friends (living on landed properties) like inconsiderate parking outside the house (not just by residents but also public), house next door was used to house foreign workers (in prime district) or child care centre.
so far my stay in the few condos are more for my kids’ education sake. so buying a landed property is a huge investment and for long term stay. -
Let me see, maybe I can start a pros and cons list for strata
Pros
1. Managed estate
2. Facilities
3. Designated parking
4. Uniformity in design (no old dilapidated unit or monstrous rebuilds)
5. No possibility of a childcare and slim chance of it being converted into a ‘hostel’.
6. ?
Cons
1. Narrow build up, small rooms
2. No flexibility for A&A
3. Lower value
4. conservancy fees
5. you don’t own the land
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