Property Views
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Rental yield plus long term capital gain…
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lee_yl:
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.
Is there any 99-yr condo that is over 40 years at the moment? :scratchhead: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.
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 ($300k-600k thereabts depending on lease type), even lower than new EAs and EC. HDB dwellers were upset cos their funds were tight to the flat for first 5 yrs or sth (MOP?) as EC/flat prices, thankfully or sadly, had remained stagnant.
Then IR announcement came and boomz, condo (regardless of lease type) owners enjoyed 100% increase in profits, while HDB prices remained dismal. Those who exited at the height of 07 and rented till the next cycle (Lehman Bros in Q4/08) would later profit
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Lee_yl, where exactly is this? Got balcony or any ‘wasted’ space?
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In mid 40s war just ended, people picking up the pieces and rich people could circle any land they want (more or less)
Mid 50s - self governance, things still cheap
Mid 60s - divorce from M’sia
Mid 70s - oil crisis
Mid 80s - the Great Recession and salary shock to the sg economy
Mid 90s - the great bull market
1998 Asian financial crisis
2000 the dot com bust
2001 9/11
2003 SARS
2008 Lehman brothers and global credit freeze
2009 Greek financial crisis
2015 SG50, condo glut, LKY died
Plot your buying opportunity. -
Property Name:\tLakeside Apartments
TOP in 1970
Listed Price (psf):\tS$ 639.00 psf (built-up)
Left with 54 years, wonder if enbloc will take place. -
Ikid:
Any recent transactions? If not enbloc then what will happen? Stay there forever?Property Name:\tLakeside Apartments
TOP in 1970
Listed Price (psf):\tS$ 639.00 psf (built-up)
Left with 54 years, wonder if enbloc will take place. -
TheAnswer:
Lelong lo
Any recent transactions? If not enbloc then what will happen? Stay there forever?Ikid:
Property Name:\tLakeside Apartments
TOP in 1970
Listed Price (psf):\tS$ 639.00 psf (built-up)
Left with 54 years, wonder if enbloc will take place. -
MrsKiasu:
Lee_yl, where exactly is this? Got balcony or any 'wasted' space?
Brand new, FH, Novena.
Yes, got a small balcony. Not sure if there's any wasted space. URA caveat showed $1.138mil last done (495sqft shoebox) bought direct from developer.
The lowest rental asking right now is at $2.8K nego. Not enough to cover mortgage! Capital gain? Hmmm... :roll: -
lee_yl:
Won't buy this type.MrsKiasu:
Lee_yl, where exactly is this? Got balcony or any 'wasted' space?
Brand new, FH, Novena.
Yes, got a small balcony. Not sure if there's any wasted space. URA caveat showed $1.138mil last done (495sqft shoebox) bought direct from developer.
The lowest rental asking right now is at $2.8K nego. Not enough to cover mortgage! Capital gain? Hmmm... :roll: -
lee_yl:
Better place like this and also some Bt Timah condos, return rate not so attractive coz the price is high. Maybe those shoebox near the circle line interchange will give better return but location wise not so good.MrsKiasu:
Lee_yl, where exactly is this? Got balcony or any 'wasted' space?
Brand new, FH, Novena.
Yes, got a small balcony. Not sure if there's any wasted space. URA caveat showed $1.138mil last done (495sqft shoebox) bought direct from developer.
The lowest rental asking right now is at $2.8K nego. Not enough to cover mortgage! Capital gain? Hmmm... :roll:
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