Property Views

[limlim]

Ikid:

TheAnswer:

Now need to get approval.. Machiam HDB become my father.. Have to ask for permission.. Got permission liao then buy.. We got permission so buy lor..

May I ask why need HDB's approval when the MOP (ie. 5 years) is met?
Not automatic eligible? If HDB is fully paid and met MOP also need HDB's written approval?

If rent out unit need approval.

If buying private property, nothing to do with HDB if MOP met. Not sure why need approval.

[lee_yl]

ngl2010:

lee_yl:

Assuming a 99-yr HDB and 99-yr condo bought about the same time.


First 40 years, 99yr condo should appreciate faster than HDB. But after certain years, with a short remaining lease, the 99-yr condo prices will depreciate to zero. HDB will never depreciate to zero.

If both kena enbloc, then definitely the private will earn more.

Is there any 99-yr condo that is over 40 years at the moment? :scratchhead:

Those 99yrs private units coming to 40 years old we have Pearl Bank Apt (1976), Peace Mansion, etc. I believe those who bought these very early made tidy sums. Capital gain from 99yr condo or HDB, it is all about buying at the right timing.

[lee_yl]

http://sg2-cdn.pgimgs.com/listing/19172736/UPHO.55653108.V550.jpg\">


Just curious, how many of you would pay $1mil+ for tiny little 495sqft condo like this one. FH in D11(newton/novena).

The empty space you see is the dining/living hall. I just realise the fridge is missing.

[sleepy]

New or resale?

[lee_yl]

sleepy:

New or resale?

http://sg2-cdn.pgimgs.com/listing/19155212/UPHO.55475660.V550.jpg\">

New. Only got 1 room, this big. Not sure if can fit a queen bed.

[ngl2010]

lee_yl:

sleepy:

New or resale?

http://sg2-cdn.pgimgs.com/listing/19155212/UPHO.55475660.V550.jpg\">

New. Only got 1 room, this big. Not sure if can fit a queen bed.

What is the possible rental income?

[bb_ mom]

Rental yield plus long term capital gain…

[jetsetter]

lee_yl:

ngl2010:

[quote=\"lee_yl\"]Assuming a 99-yr HDB and 99-yr condo bought about the same time.


First 40 years, 99yr condo should appreciate faster than HDB. But after certain years, with a short remaining lease, the 99-yr condo prices will depreciate to zero. HDB will never depreciate to zero.

If both kena enbloc, then definitely the private will earn more.

Is there any 99-yr condo that is over 40 years at the moment? :scratchhead:

Those 99yrs private units coming to 40 years old we have Pearl Bank Apt (1976), Peace Mansion, etc. I believe those who bought these very early made tidy sums. Capital gain from 99yr condo or HDB, it is all about buying at the right timing.[/quote]believe normanton park, neptune court (both formerly hudc) are also near-40yo 99yr condo? slightly younger ones in 1985 like chuan pk? there're more F/H grand dames like cavanagh gdns, leonie twrs, etc.

might be tough to get bank mortgage right...so few yrs left for 99yr.

actually for first 40 yrs, the appreciation wasn't nec faster or a continuous/steady climb for those condos...there were times of 'roller coasters' too, in tandem with prevailing global econ recessions (mid-80s got one terok one, Gulf crisis in early 90s, 911, SARS). In some decades, some old ppties (LH/FH/999) prices also plunged to a record low. Then perhaps rebounded after some MRT, branded sch shifted there, or new mall announcements came out.

it's abt the alignment of the stars, sun and moon, when you graduated, when you pak tor and when found your soulmate and when you tied the knot...I rem after 911 till SARS, some old condos & landed ppty prices dropped to a new low ($300k-600k thereabts depending on lease type), even lower than new EAs and EC. HDB dwellers were upset cos their funds were tight to the flat for first 5 yrs or sth (MOP?) as EC/flat prices, thankfully or sadly, had remained stagnant.

Then IR announcement came and boomz, condo (regardless of lease type) owners enjoyed 100% increase in profits, while HDB prices remained dismal. Those who exited at the height of 07 and rented till the next cycle (Lehman Bros in Q4/08) would later profit

[MrsKiasu]

Lee_yl, where exactly is this? Got balcony or any ‘wasted’ space?

[pirated]

In mid 40s war just ended, people picking up the pieces and rich people could circle any land they want (more or less)


Mid 50s - self governance, things still cheap

Mid 60s - divorce from M’sia

Mid 70s - oil crisis

Mid 80s - the Great Recession and salary shock to the sg economy

Mid 90s - the great bull market

1998 Asian financial crisis
2000 the dot com bust
2001 9/11
2003 SARS

2008 Lehman brothers and global credit freeze
2009 Greek financial crisis

2015 SG50, condo glut, LKY died

Plot your buying opportunity.