Property Views

[jetsetter]

pirated:

jetsetter:

I look at both too. Propertyguru only puts land.

But agents these days tell buyers psf based on the built up area too, which is why new owners are furiously \"maxing out\" their permissible size by enclosing exposed ledges or balconies, filling up airwells, adding floors or extending sheltered porch or backyard.

In the past, buyers always look at the land area & agents will tell u psf based on tt only.

Max built up also must base on set back rules. Front gate to front door must be min 7.5m, back yard min 2m etc. check the URA website.

Number of floors depend on area zoning. Some three or two storeys, plus \"attic\"

Yeah, this one's been in the URA books for quite a while. Some neighbours will complain to BCA and have you recede or tear down those awnings that exceed the prescribed dimensions!

[jetsetter]

Any views on commercial properties? My DH says it’s better than residential properties and asks me to eyeball.

[TheAnswer]

My hubby told me the same. Get freehold commercial.

[MrsKiasu]

jetsetter:

MrsKiasu:

When buy landed, should look at the selling price and land area to get the psf (of land only), not take psf x built in area to get total selling price right?


Looks like still have many other costs la

MKS:

For landed housing, the land area is used for the computation of the unit transacted price (in $psf).

For apartments, condominiums and strata landed housing (i.e. cluster housing/townhouses), the type of area is listed as \"Strata\" as the strata area is provided in the caveat lodged and hence used for the computation of the unit transacted price (in $psf).

So check with the agent what psf is he talking abt. They like to use the built-up area to compute. But sellers like to extend this and that to command a premium when they market their properties lah. Who don't want the max out their land right?

:thankyou:

[Coolkidsrock2]

jetsetter:

Any views on commercial properties? My DH says it's better than residential properties and asks me to eyeball.

They present a different set of problems. Some property investors I know don't touch it or it forms only a very small proportion of their portfolio.

They didn't elaborate too much but best to speak to those who is experienced in that category.

[MrsKiasu]

Coolkidsrock2:

jetsetter:

Any views on commercial properties? My DH says it's better than residential properties and asks me to eyeball.

They present a different set of problems. Some property investors I know don't touch it or it forms only a very small proportion of their portfolio.

They didn't elaborate too much but best to speak to those who is experienced in that category.

I m also not following on commercial ..but I heard of one at central that it is quite difficult to find tenants.

[Coolkidsrock2]

Maybe it is different if you are a business owner and for self use. I know doctors and lawyers who buy their own unit.

[MrsKiasu]

A good fall back plan. Come to think of it, there is this Novena Medical centre if I m not wrong…doctors with own practice are usually quite loaded. I think they will probably buy it instead of renting it hor…

[TheAnswer]

Coolkidsrock2:

Maybe it is different if you are a business owner and for self use. I know doctors and lawyers who buy their own unit.

Can be self use.. Like open my own tuition center? Haha.. Just kidding la..

[MrsKiasu]

TheAnswer:

Coolkidsrock2:

Maybe it is different if you are a business owner and for self use. I know doctors and lawyers who buy their own unit.

Can be self use.. Like open my own tuition center? Haha.. Just kidding la..

But seriously you can do that...so won't kanchiong if can't find tenants.