Is buying 99yrs leasehold private condo a bad investment?

[Donut]

Really appreciate the inputs guys! Very helpful.

 

T2, I like your viewpoint using the car analogy.

In fact my skewing towards landed is also partly due to my car interest. Having your loved car parked at the porch area and able to pamper it anytime (wash, wax, detailing) and have my kid wash my 18" rims since he has the right height and once done spray him with water until the wife grab away and dry off the kid! Then I'll grab a cup of hot tea, sipping while circling round and admire newly clean buddy with the microfibre cloth on one hand and the other hand with the the tea already turn cold.

 

Sorry gotta stop on car!

 

Back to Property, under the 3 scenarios below, #1 is most certain.

1) Revert to the government without compensation

2) Given an option to either revert to government or pay for renewal

3) Automatically renewed with a cost (like it or not) and no option to return to government

 

In the remote chance of getting lease renewed, what's your guess* on the renewal fee/cost? 100% of prevailing market price?

 

* I use guess since I'm guessing none of current Singapore leasehold cross 100 years yet, I may be wrong.

 

 

Regards,

Dino

 

have you done some checking on the masterplan of the land or the surrounding? any potential road widening or land reclaim coming?

 

What's behind the house? a slope? a hill? it makes bloody hell of headaches when comes to landslide problems.

 

also, u check on the frontage distance of the house?

 

check on termites problem? is the underground piping done according to regulations? Check on all past works done to the house and make sure all is done within the legal controls. This type of old house, past owners could just anyhow do the works without getting approvals. When u take over the house, u may face problems.

[rashid2752]

Nowsaday, most new launch development are only 99 year leasehold.. So freehold can be a limited edition in the future...

[Jamesc]

If TS bought in 2009 then

 

it would have been a very

 

good investment.

 

[Sdf4786k]

If TS bought in 2009 then

 

it would have been a very

 

good investment.

 

its always the same for most of us.

 

Think think think, then do

 

What actually happens between the think think think before the do is

 

Think, -- Market go down, job becomes not sure if able to hold

Think some more --- cooling measure kicks in

Think abit more - new policy kicks in, TDSR

 

What to do, Price already move so much that you missed the boat and hopping to have the price drop which is black hearted...

 

Repeat again when the next cycle of downturn, But now so many road blocks

 

sometimes its a lot of focus has to be there. Squeeze trigger then don't look back.

 

Else age catching up. When the next downturn, I think I'll be gone by then.

[valenrina]

I think in SG, buying 99 years seem to be the norm. I actually think that not much difference from 999 years. 

[car2number]

Came across the article that seems supportive of leasehold non-landed (here).

 

Regardless of what the article says, any thoughts from you guys on:

 

"leasehold condo VS leasehold landed VS HDB (leasehold of course)" which would you choose and why?

[Kangadrool]

HDB 'cos not really your house and that's why debtors can't touch. 

 

Came across the article that seems supportive of leasehold non-landed (here).

 

Regardless of what the article says, any thoughts from you guys on:

 

"leasehold condo VS leasehold landed VS HDB (leasehold of course)" which would you choose and why?

 

[Showster]

Just for housing families - HDB woon woon jiak beehoon!

 

Most important thing is your purpose.

 

Came across the article that seems supportive of leasehold non-landed (here).

 

Regardless of what the article says, any thoughts from you guys on:

 

"leasehold condo VS leasehold landed VS HDB (leasehold of course)" which would you choose and why?

 

[Victor68]

When you are buying to flip the property, 99 lease in a good location is a good buy when the price is right. Nobody can tell you when this is happening but if you got deep pocket, anytime is a good time.

 

If you are buying for keep and pass down the generations, then obviously free hold or 999 lease. Many countries don't even have 99 lease. So 99 is actually quite long just getting loan maybe problematic.