Global recession is coming....
Think you better squander your money away first and don't pass to next generation since you never know whether they will squander away or not, why pass?
And you should tell that to all the rich men and women too, especially those influential ones in Singapore!
And what has whether your next generation squandering your money GOT to do with "Investment assessment of whether FH or 99-years LH is a better investment?"
Originally Posted by Allthepies
Junior
Bro Simi, was also tempted to do the same...UOB offered 4% for 4 yrs and 4.2% pa for 5th yr for 5 yrs fixed deposit but worried about currency depreciation...
Senior
There are many influential people who bought CCR and Sentosa Cove properties and they are losing money in their investment.
So your point is?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Senior
Understand RHB offers FD with effective rate of 4.1%p.a. for 15 months with sum of RM50k two months ago.
Senior
To response to your question: It boils down to the individual investor. I am saying that most people in EG, particularly those influential people buy to keep and pass on.
Senior
Influential or not, that is beside the point because when a condo become old, cost of maintenance will rise while rent will become stagnated or even fall.
And it will eventually reach a point where owners will decide to go en bloc.
EG TOP in 1998, still early days. In about 5 to 10 years, you will start to see things falling apart.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Global recession is coming....
Don't talk cock lah. Give you real life situation of what will happen to old old 99-years leasehold condos where owners are DESPERATE to sell before they become $ZERO value....
Take a look at the poor Pearl Bank 99-years leasehold with only 55-years lease left.... drop to S$740 psf...
Then look at nearby Emerald Garden, 999-years lease with 812 years lease left (not even freehold) but retain value at S$1890 psf...
So 99-years leasehold how to compare to Freehold ?!!!!!!!!!!!!!
Only a stupid idiot will say that Freehold is no different from leasehold...
Worst still when he said Freehold less valueable to invest than leasehold..........
PEARL BANK APARTMENT PEARL BANK Apartment 03 RCR 99 yrs lease commencing from 1970 1 980,000 1,324 Strata 06 to 10 S$740 Aug-14
EMERALD GARDEN CLUB STREET Condominium 01 RCR 999 yrs lease commencing from 1827 1 1,750,000 926 Strata 06 to 10 S$1,890 Mar-14
Senior
Land cost will go up too as it ages, just like price of old wine, especially in D1 with limited FH/999LH. EG and a few other development like Robinson suite, etc, are like a few roses amongst lots of thorns.
Global recession is coming....
Another example of 99-years leasehold condo with value dropping closer to $ZERO...
For those who always think their 99-years leasehold properties can be ENBLOC, and their 99-years leasehold can be top up again to 99-years, DREAM ON............................
===================================
Fighting for Arcadia
Apr 12, 2011 - By: Sheena Chua
If residents of Arcadia – an early-generation condominium – had their way, the lease for their ageing estate would be extended back to 99 years, a feat yet to happen in Singapore.
(Green is good, but Arcadia won't be seeing its 99-year leasehold extended. Image courtesy of Singapore Tourism Board.)
One of Singapore’s oldest condominiums, Arcadia has already been setting records since 1983. Inspired by the Hanging Gardens of Babylon, it was the first building in Singapore to feature vertical landscaping. Despite its age, it prides itself in being green, with large garden terraces on every level. Arcadia Road itself is a heritage road; trees are preserved and no development is allowed within 10 metres. It was included in a 2008 Urban Redevelopment Authority (URA) exhibition as “one of the most dramatic green developments in Singapore”.
Council treasurer and former nominated MP Edwin Khew feels Arcadia epitomises a green lifestyle the Government encourages, and should be conserved instead of left to an en bloc sale, its resulting demolition, and wastage of resources. In fact, one reason highlighted in its application to extend the lease was to protect its buildings for heritage, architectural and environmental value.
Which is why residents were surprised when it was rejected, even with the required 100 per cent resident consent. The condominium has 66 years left on its lease; the value of private properties with less than 60 years usually depreciates quicker due to buyer shortage. Central Provident Fund (CPF) Board rules disallow Singaporeans and permanent residents to use their CPF savings to buy private homes with less than 60 years. Similarly, banks are reluctant to finance loans for them.
Recently, the Singapore Land Authority (SLA) informed residents of the rejection, citing conditions for lease extension, including land use intensification and urban rejuvenation. When contacted by The Straits Times, SLA declined to elaborate, stating “the specific circumstances of each development determine if a lease extension should be granted and, if so, the length of the extension”. It said, “for residential uses, the Government may allow lease extension if it results, for example, in land use intensification and mitigation of property decay”.
Meanwhile, if Arcadia is not granted the lease top-up, it could attract attention from collective sale investors. At 3,800 sq ft to 7,000 sq ft per unit, it could be redeveloped into smaller, more profitable ones.
Residents are undeterred, intending to make an appeal and set an example for other private housing residents.
Don't talk cock lah. Give you real life situation of what will happen to old old 99-years leasehold condos where owners are DESPERATE to sell before they become $ZERO value....
Take a look at the poor Pearl Bank 99-years leasehold with only 55-years lease left.... drop to S$740 psf...
Then look at nearby Emerald Garden, 999-years lease with 812 years lease left (not even freehold) but retain value at S$1890 psf...
So 99-years leasehold how to compare to Freehold ?!!!!!!!!!!!!!
Only a stupid idiot will say that Freehold is no different from leasehold...
Worst still when he said Freehold less valueable to invest than leasehold..........
PEARL BANK APARTMENT PEARL BANK Apartment 03 RCR 99 yrs lease commencing from 1970 1 980,000 1,324 Strata 06 to 10 S$740 Aug-14
EMERALD GARDEN CLUB STREET Condominium 01 RCR 999 yrs lease commencing from 1827 1 1,750,000 926 Strata 06 to 10 S$1,890 Mar-14
Global recession is coming....
Arcadia condo building have stood test of time, but 99-yrs land lease CANNOT !!!!!!!
Who cares whether your building can stood test of time?
Who cares whether your building get the 100 per cent consent from residents, required by the authorities to top up land lease?
Who cares Arcadia’s building can last >200 years and its management committee said intent to conserve the estate for its architectural value if Singapore government can grant them land lease top-up for another 99 years?
Who cares if Arcadia condo was the first building in Singapore to feature vertical landscaping, which was inspired by the Hanging Gardens of Babylon, one of the original seven wonders of the ancient world.
Who cares if Arcadia sits on Arcadia Road, a heritage road where trees are preserved and no development is allowed within a 10m-wide buffer.
Who cares if Arcadia epitomises the green lifestyle that the Government is encouraging and we feel that this estate deserves to be conserved, rather than let it become vulnerable to en bloc sale, which leads to demolition and further wastage of resources,’ said the condo council’s treasurer Edwin Khew, 62, a former nominated MP.
Who cares if Arcadia was a pioneer in such vertical landscaping and was ahead of its time.
Who cares if Arcadia condo was featured – as ‘one of the most dramatic green developments in Singapore’ – in an exhibition ‘Singapore 1:1 – Island, A Gallery of Architecture & Urban Design’ by the Urban Redevelopment Authority (URA) in 2008.
Who cares if Arcadia condo's buildings have stood the test of time, it has a diverse mix of people here who have gained many memories in this estate, and they take pride in maintaining this as our home, and we want to keep it that way.....
PEOPLE ONLY CARE IF YOUR PROPERTY STILL HAS >90 YEARS OF LAND LEASE LEFT..................
Please REMEMBER that In Singapore, private properties that fall below this level (less than 60 years land lease) typically depreciate quicker in value as there is a smaller pool of interested buyers.
*** Central Provident Fund (CPF) Board rules dictate that Singaporean and permanent resident (PR) CPF members cannot use their CPF savings to buy private homes with less than 60 years on the lease. Similarly, banks are reluctant to finance loans for buyers of such properties.
=======================================
‘No en bloc, but please top up condo lease’
Arcadia residents plan appeal after SLA rejects bid to extend lease of 33-year-old condominium
Residents (from left) Edwin Khew, Uttam Kripalani, Anand Danani and Stewart Yen of Arcadia condo, which was the first estate here to feature vertical landscaping. — ST PHOTO: NURIA LING
No en bloc, please, even if we’re residents of one of Singapore’s oldest condominiums.
But we’d like a lease top-up.
Residents at Arcadia, an early-generation condominium completed in 1983, feel so strongly about this that all have agreed to pay the cost of topping up the lease if the nod is given.
Mr Anand Danani, 58, who has lived for more than 20 years at Arcadia, said residents are seeking a top-up to conserve the estate – which has 66 years left on its lease – and to preserve its value.
Mr Danani, a private banker, said his family, like many others in the estate, has built precious memories and solid relationships with neighbours in this spacious estate nestled amid lush greenery in Arcadia Road. His daughter and son spent their formative years there.
Ask him if he would want a collective sale – the choice of many residents of other leasehold condos here that have reached this age – and he would tell you without missing a beat: No way.
The residents of the condo are seeking an extension of lease for their ageing estate, not for the sake of a collective sale but to conserve its three buildings on environmental and heritage grounds.
If they succeed, Arcadia will set a precedent in Singapore’s history.
The condo’s management committee told The Sunday Times it applied to the Singapore Land Authority (SLA) last year to top up the lease back to 99 years.
This was after they worked hard to get the 100 per cent consent from residents, required by the authorities. But the application was recently rejected.
The owners are all too aware that the condo is approaching the 60-year milestone left on its lease.
In Singapore, private properties that fall below this level typically depreciate quicker in value as there is a smaller pool of interested buyers. Central Provident Fund (CPF) Board rules dictate that Singaporean and permanent resident (PR) CPF members cannot use their CPF savings to buy private homes with less than 60 years on the lease. Similarly, banks are reluctant to finance loans for buyers of such properties.
Arcadia’s management committee said that in its application to SLA, it stressed its intention to conserve the estate for its architectural value.
The condo was the first building in Singapore to feature vertical landscaping, which was inspired by the Hanging Gardens of Babylon, one of the original seven wonders of the ancient world. It was built with generous garden terraces on every level and features unusual pyramid-shaped buildings that narrow towards the top.
It was designed by local architect Chua Ka Seng of Chua Ka Seng & Partners Chartered Architects, who built in planter boxes of almost 12km in length throughout the buildings. The road it sits on, Arcadia Road, is a heritage road where trees are preserved and no development is allowed within a 10m-wide buffer.
‘Arcadia epitomises the green lifestyle that the Government is encouraging and we feel that this estate deserves to be conserved, rather than let it become vulnerable to en bloc sale, which leads to demolition and further wastage of resources,’ said the condo council’s treasurer Edwin Khew, 62, a former nominated MP.
The Government has, in recent years, made efforts to ‘green’ buildings by providing incentives for owners to integrate greenery on their rooftops or walls.
Arcadia was a pioneer in such vertical landscaping and was ahead of its time, say its residents.
It was even featured – as ‘one of the most dramatic green developments in Singapore’ – in an exhibition ‘Singapore 1:1 – Island, A Gallery of Architecture & Urban Design’ by the Urban Redevelopment Authority (URA) in 2008.
SLA had told the residents in a letter that ‘we are unable to accede to your request at this point in time. The conditions for lease extension include land use intensification and urban rejuvenation’.
When asked by The Sunday Times about its decision, a spokesman said: ‘SLA declines to elaborate further because answering the questions asked would be a breach of confidentiality obligations.’
SLA added that it ‘evaluates each application on its merits and in consultation with the other government agencies’.
‘The specific circumstances of each development determine if a lease extension should be granted and, if so, the length of the extension.
‘For residential uses, the Government may allow lease extension if it results, for example, in land use intensification and mitigation of property decay,’ it said.
Arcadia residents are not giving up and intend to appeal against the decision. Mr Khew and Mr Danani are hoping Arcadia can set an example of how residents who look after their estate ‘do not have to go through the wasteful process of en bloc sales’.
Property experts such as Credo Real Estate managing director Karamjit Singh said it was rare for SLA to grant a lease top-up if it was not for redevelopment or for extensive refurbishment.
Chesterton Suntec International research and consultancy director Colin Tan said: ‘Topping up a lease on conservation and environmental grounds is untested… Planners generally like to keep their flexibility so they can rezone the land for other uses in the future if there’s a need.’
If the residents are all willing to pay the development charge to top up the lease, and show that the buildings will be kept in line with urban renewal, then there could be a case, added Mr Tan.
If Arcadia does not get a lease top-up, it might then attract collective sale investors. It features large units, from 3,800 sq ft to 7,000 sq ft in size, that could potentially be redeveloped into smaller units.
Resident Stewart Yen, who is in his early 60s and CEO of a security business, dreads such an outcome.
‘The buildings here have stood the test of time. We also have a diverse mix of people here who have gained many memories in this estate. We take pride in maintaining this as our home, and we want to keep it that way.’
Source: Straits Times, 10th April 2011
Senior
There are plenty of historical en bloc transactions to prove that condo are not meant to be kept forever.
When it becomes old, it will have to go.
https://www.squarefoot.com.sg/market...-market?t=2005
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Global recession is coming....
Don't be stupid lah or otherwise you are just trying to twist and turn?
As you already pointed out, Freehold property is much more difficult to enbloc because owners can hold forever if they don't get a good price!
However, all 99-years leasehold properties will definitely ENBLOC, except at what price and what time....
When 99-years leasehold properties reach 99-years land lease, all of them will get ENBLOC! The most crucial point to note is that 99-years leasehold property owners get $ZERO when they enbloc their property at end of 99-years lease! They just get NOTHING because they are just TENANTS for 99 years anyway!!!!!!!!!!!!!!!!!!
Senior
Dont kid yourself, plenty of FH properties has been redeveloped, so please stop fantasizing about holding it forever.
When an estate become old, it will have to go
8 DEC 2005 10 BUKIT TIMAH MANSIONS 1984 10 FREEHOLD 15,400,000
19 DEC 2005 15 PUMPKIN GARDEN 1987 14 FREEHOLD 8,343,000
16 DEC 2005 9 EMERALD LODGE UNKNOWN 31 FREEHOLD 45,200,000
9 DEC 2005 10 FORD MANSION UNKNOWN 18 FREEHOLD 21,000,000
2 DEC 2005 5 BALMEG COURT UNKNOWN 65 FREEHOLD 79,200,000
29 NOV 2005 15 THE GLENWOOD 1990 11 FREEHOLD 10,799,998
18 NOV 2005 11 N.A. UNKNOWN 10 FREEHOLD 19,000,000
4 NOV 2005 9 ST THOMAS MANSIONS 1986 16 FREEHOLD 19,420,052
31 OCT 2005 11 EU HOCK APARTMENTS 1997 7 FREEHOLD 7,956,564
31 OCT 2005 11 GOLDEN TOWERS UNKNOWN 40 FREEHOLD 30,138,840
31 OCT 2005 11 N.A. UNKNOWN 5 FREEHOLD 22,230,890
27 OCT 2005 10 DRAGON VIEW PARK UNKNOWN 88 FREEHOLD 128,000,000
24 OCT 2005 15 MARINE PARADE GARDENS UNKNOWN 48 FREEHOLD 40,500,000
17 OCT 2005 15 GRACIOUS MANSIONS UNKNOWN 16 FREEHOLD 17,160,000
10 OCT 2005 19 PARRY GARDENS 1985 45 999 YRS FROM 22/08/1883 36,000,000
7 OCT 2005 9 BELLE VUE UNKNOWN 96 FREEHOLD 227,283,000
5 OCT 2005 16 FAIRVIEW COURT 1982 5 FREEHOLD 11,000,000
9 SEP 2005 10 THE HABITAT II 1985 29 FREEHOLD 103,880,000
8 SEP 2005 15 EASTERN MANSION UNKNOWN 168 FREEHOLD 152,868,000
16 AUG 2005 10 N.A. 1983 16 FREEHOLD 19,464,000
8 AUG 2005 13 SOMMERVILLE COURT 1986 18 FREEHOLD 15,300,000
4 AUG 2005 9 RIVERIA VIEW 1987 13 FREEHOLD 14,690,000
1 AUG 2005 9 N.A. UNKNOWN 2 FREEHOLD 210,000,000
28 JUL 2005 10 FERNHILL GROVE 1978 36 FREEHOLD 66,300,000
28 JUL 2005 9 N.A. UNKNOWN 32 FREEHOLD 117,210,798
4 JUL 2005 13 WOODLEIGH GROVE UNKNOWN 31 FREEHOLD 29,800,000
28 JUN 2005 9 PHOENIX MANSIONS UNKNOWN 45 FREEHOLD 57,886,000
10 JUN 2005 9 N.A. 1976 7 FREEHOLD 11,500,000
2 JUN 2005 3 BO BO TAN GARDENS UNKNOWN 120 FREEHOLD 59,549,999
30 MAR 2005 15 MARYLAND PARK UNKNOWN 218 FREEHOLD 236,520,999
18 FEB 2005 11 NEWTON HEIGHTS 1980 30 FREEHOLD 43,620,000
26 JAN 2005 15 MARYLAND POINT UNKNOWN 144 FREEHOLD 167,000,000
26 JAN 2005 15 MARYLAND POINT 1981 17 FREEHOLD 19,715,274
25 JAN 2005 12 ST MICHAEL'S COURT UNKNOWN 30 FREEHOLD 21,620,000
7 JAN 2005 7 ENG CHEONG TOWER 1975 49 99 YRS FROM 01/06/1970 28,861,000
7 JAN 2005 10 ONE TREE LODGE 1991 30 FREEHOLD 38,200,000
28 DEC 2006 16 EAST COAST VILLE UNKNOWN 60 FREEHOLD 54,500,000
28 DEC 2006 9 MOUNT EMILY TOWER UNKNOWN 11 FREEHOLD 20,800,000
20 DEC 2006 10 N.A. UNKNOWN 40 900 YRS FROM 01/10/1964 28,500,000
15 DEC 2006 10 LES JARDINS 1992 11 FREEHOLD 8,499,993
13 DEC 2006 15 TELOK KURAU COURT 1978 17 FREEHOLD 18,474,622
12 DEC 2006 9 MAYER MANSION 1979 10 FREEHOLD 30,500,000
8 DEC 2006 9 SOPHIA COURT 1985 188 FREEHOLD 230,000,000
8 DEC 2006 11 SUFFOLK APARTMENT UNKNOWN 24 FREEHOLD 26,500,000
8 DEC 2006 12 TAI GIN APARTMENTS 1985 18 FREEHOLD 13,237,998
7 DEC 2006 10 BELLERIVE UNKNOWN 31 FREEHOLD 37,200,000
28 NOV 2006 10 HOLLAND HILL MANSION UNKNOWN 117 FREEHOLD 292,000,000
24 NOV 2006 11 DERBYSHIRE MANSIONS UNKNOWN 33 FREEHOLD 49,200,000
16 NOV 2006 15 HONG YUN COURT UNKNOWN 12 FREEHOLD 8,600,000
9 NOV 2006 9 ENG TAI MANSION UNKNOWN 50 FREEHOLD 76,500,000
8 NOV 2006 15 AMBER LODGE 1990 24 FREEHOLD 29,000,000
8 NOV 2006 15 JIN FU APARTMENTS 1984 18 FREEHOLD 2,650,000
7 NOV 2006 15 BOUGAINVILLE MAISONETTE APARTMENTS UNKNOWN 8 FREEHOLD 8,800,000
3 NOV 2006 12 FORTUNA COURT 1977 10 FREEHOLD 7,000,000
2 NOV 2006 10 TANGLIN HOUSE UNKNOWN 12 FREEHOLD 19,999,992
27 OCT 2006 9 PHOENIX COURT 1974 47 FREEHOLD 88,100,000
23 OCT 2006 9 FUTURA UNKNOWN 72 FREEHOLD 287,300,000
20 OCT 2006 9 HORIZON VIEW UNKNOWN 36 FREEHOLD 113,000,000
18 OCT 2006 9 EMERALD MANSIONS UNKNOWN 46 FREEHOLD 73,000,888
11 OCT 2006 10 ARDMORE POINT UNKNOWN 47 FREEHOLD 201,000,000
1 OCT 2006 15 N.A. UNKNOWN 7 FREEHOLD 7,168,000
28 SEP 2006 9 SILVER TOWER 1986 38 FREEHOLD 161,000,000
28 SEP 2006 15 WEN YUAN COURT 1985 12 FREEHOLD 8,820,000
22 SEP 2006 11 OLIVIO 2002 33 FREEHOLD 28,999,999
22 SEP 2006 10 THE ORANGE GROVE UNKNOWN 31 FREEHOLD 142,000,000
21 SEP 2006 10 PIN TJOE COURT 1985 34 FREEHOLD 201,000,000
18 SEP 2006 8 CHUAN SENG BUILDING UNKNOWN 12 FREEHOLD 6,000,001
15 SEP 2006 10 CENTURY VILLE UNKNOWN 13 FREEHOLD 35,959,090
15 SEP 2006 10 LE MARQUE UNKNOWN 40 FREEHOLD 66,675,770
15 SEP 2006 10 VILLA MARGAUX UNKNOWN 31 FREEHOLD 42,883,105
12 SEP 2006 10 SHANGHAI LODGE 1994 7 FREEHOLD 6,000,000
11 SEP 2006 15 HAIG GARDENS 1989 54 FREEHOLD 43,999,974
6 SEP 2006 9 GRANGE TOWER UNKNOWN 80 FREEHOLD 180,000,000
30 AUG 2006 9 LE CHATEAU UNKNOWN 35 FREEHOLD 46,800,000
30 AUG 2006 10 NASSIM PARK UNKNOWN 104 FREEHOLD 380,000,000
28 AUG 2006 9 RIVERIA LODGE 1992 26 FREEHOLD 27,000,000
23 AUG 2006 19 N.A. UNKNOWN 6 FREEHOLD 2,700,000
23 AUG 2006 15 SEA BREEZE APARTMENTS UNKNOWN 56 FREEHOLD 53,760,000
23 AUG 2006 10 ST MARTIN'S LODGE UNKNOWN 12 FREEHOLD 29,250,000
17 AUG 2006 15 ROSE GARDEN UNKNOWN 188 FREEHOLD 169,800,000
14 AUG 2006 21 HJ HEIGHTS UNKNOWN 76 FREEHOLD 82,250,000
3 AUG 2006 9 SOPHIA APARTMENTS 1984 12 FREEHOLD 12,099,996
27 JUL 2006 14 N.A. 1994 14 FREEHOLD 3,810,000
17 JUL 2006 9 FURAMA TOWER 1981 33 FREEHOLD 76,000,000
14 JUL 2006 10 HABITAT ONE UNKNOWN 32 FREEHOLD 180,000,000
12 JUL 2006 12 N.A. UNKNOWN 19 FREEHOLD 16,760,000
7 JUL 2006 10 BALMORAL VIEW UNKNOWN 22 FREEHOLD 52,000,000
4 JUL 2006 9 FAR EAST MANSION UNKNOWN 218 FREEHOLD 255,999,808
3 JUL 2006 9 N.A. UNKNOWN 13 FREEHOLD 10,870,000
30 MAY 2006 9 N.A. UNKNOWN 16 FREEHOLD 88,000,000
29 MAY 2006 10 ALOCASSIA APARTMENTS 1996 45 FREEHOLD 24,100,000
29 MAY 2006 10 LUCKY TOWER UNKNOWN 91 FREEHOLD 383,000,000
23 MAY 2006 16 WATERFRONT VIEW UNKNOWN 583 99 YRS FROM 01/01/1985 385,000,000
4 MAY 2006 11 NEWTON MEADOWS 1983 28 FREEHOLD 73,000,000
3 MAY 2006 10 DUCHESS COURT 1983 27 999 YRS FROM 27/12/1875 74,485,491
27 APR 2006 5 WESTPEAK 1987 1 FREEHOLD 1,938,140
27 APR 2006 5 WESTPEAK 1986 146 FREEHOLD 194,459,998
26 APR 2006 9 HILTON TOWERS UNKNOWN 52 999 YRS FROM 01/07/1967 79,200,000
25 APR 2006 10 BEVERLY MAI 1974 52 FREEHOLD 238,000,000
25 APR 2006 12 BOON TECK HEIGHTS 1987 32 FREEHOLD 22,877,730
19 APR 2006 9 HILLTOP APARTMENTS UNKNOWN 102 FREEHOLD 294,000,000
19 APR 2006 12 PROSPERITY MANSION 1980 22 FREEHOLD 15,999,984
11 APR 2006 9 CAIRNHILL GARDENS 1978 44 FREEHOLD 52,380,000
10 APR 2006 9 VENUS MANSION UNKNOWN 41 FREEHOLD 123,000,000
5 APR 2006 10 CASA ROSITA 1986 114 FREEHOLD 278,665,425
30 MAR 2006 12 LOCK CHO APARTMENT UNKNOWN 165 FREEHOLD 156,300,000
20 MAR 2006 10 AVENUE PARK UNKNOWN 48 FREEHOLD 112,000,000
17 MAR 2006 9 PATERSON TOWER 1977 72 FREEHOLD 266,000,000
6 MAR 2006 9 VERMONT I UNKNOWN 30 FREEHOLD 75,000,000
3 MAR 2006 9 CHEZ BRIGHT APARTMENT 1976 22 FREEHOLD 54,000,000
2 MAR 2006 10 ENG LOK MANSION UNKNOWN 63 FREEHOLD 135,843,750
1 MAR 2006 9 N.A. UNKNOWN 144 99 YRS FROM 11/06/1983 154,650,000
1 MAR 2006 6 N.A. 1984 186 97 YRS FROM 02/04/1980 127,500,000
27 FEB 2006 5 N.A. UNKNOWN 10 FREEHOLD 14,000,000
27 FEB 2006 5 N.A. UNKNOWN 32 999999 YRS FROM 01/01/1963 27,200,000
17 FEB 2006 9 N.A. UNKNOWN 40 877 YRS FROM 01/01/1963 63,200,000
10 FEB 2006 12 ELEGANCE VIEW 1984 8 FREEHOLD 7,280,000
10 FEB 2006 9 THE ESQUIRE 1989 30 FREEHOLD 31,999,980
27 JAN 2006 11 N.A. UNKNOWN 24 FREEHOLD 20,883,864
25 JAN 2006 10 WATERFALL GARDENS UNKNOWN 44 FREEHOLD 131,750,000
17 JAN 2006 15 AMBERVILLE UNKNOWN 168 99 YRS FROM 01/07/1978 183,000,000
21 DEC 2007 8 HERTFORD APARTMENTS UNKNOWN 12 FREEHOLD 12,034,169
14 DEC 2007 9 WELKIN MANSION UNKNOWN 38 FREEHOLD 120,315,260
4 DEC 2007 15 JOO CHIAT LODGE 1986 8 FREEHOLD 10,300,000
29 NOV 2007 5 REGENT GARDEN 1983 31 FREEHOLD 33,999,980
27 NOV 2007 19 KOVAN COURT 1981 16 FREEHOLD 18,290,000
22 NOV 2007 10 WESTWOOD APARTMENTS 1975 48 FREEHOLD 435,000,000
21 NOV 2007 11 HILL PARK UNKNOWN 26 FREEHOLD 90,000,000
20 NOV 2007 8 MERGUI COURT UNKNOWN 23 FREEHOLD 29,896,205
20 NOV 2007 8 MERGUI LODGE UNKNOWN 9 FREEHOLD 16,237,062
20 NOV 2007 8 NORFOLK COURT UNKNOWN 20 FREEHOLD 26,840,573
20 NOV 2007 8 NORTHERN MANSIONS UNKNOWN 18 FREEHOLD 24,309,558
20 NOV 2007 8 THE MERGUI UNKNOWN 18 FREEHOLD 22,716,599
19 NOV 2007 14 BOON THONG BUILDING UNKNOWN 13 FREEHOLD 20,500,000
16 NOV 2007 12 VIEW POINT MANSION 1977 12 FREEHOLD 16,500,000
5 NOV 2007 9 EMERALD MANSIONS UNKNOWN 46 FREEHOLD 148,384,000
29 OCT 2007 8 N.A. UNKNOWN 14 FREEHOLD 14,300,000
25 OCT 2007 12 N.A. UNKNOWN 15 FREEHOLD 61,000,000
20 OCT 2007 10 THE ASPINE UNKNOWN 35 FREEHOLD 138,000,000
16 OCT 2007 10 N.A. 1995 6 FREEHOLD 15,000,000
12 OCT 2007 10 BAN GUAN PARK UNKNOWN 5 FREEHOLD 10,000,000
3 OCT 2007 10 PROMISES GARDENS UNKNOWN 48 FREEHOLD 71,200,000
28 SEP 2007 14 N.A. 1985 10 FREEHOLD 7,150,000
28 SEP 2007 14 WINFIELD MANSION 1982 3 FREEHOLD 2,250,000
24 SEP 2007 15 JOYFUL MANSIONS 1992 6 FREEHOLD 5,827,931
14 SEP 2007 15 N.A. 1979 7 FREEHOLD 18,807,617
10 SEP 2007 3 TARNG CHERN BUILDING UNKNOWN 4 FREEHOLD 9,562,000
4 SEP 2007 12 HANG TAT GARDEN UNKNOWN 27 FREEHOLD 28,800,000
1 SEP 2007 10 N.A. UNKNOWN 11 FREEHOLD 94,183,480
29 AUG 2007 15 MARGATE MANSIONS UNKNOWN 45 FREEHOLD 58,000,000
29 AUG 2007 11 N.A. UNKNOWN 1 FREEHOLD 30,000,000
20 AUG 2007 15 N.A. 1988 8 FREEHOLD 17,587,997
20 AUG 2007 14 N.A. UNKNOWN 4 FREEHOLD 4,550,000
20 AUG 2007 12 N.A. UNKNOWN 12 FREEHOLD 13,650,000
14 AUG 2007 19 CHUAN HOE MANSION UNKNOWN 8 999 YRS FROM 01/01/1886 5,900,000
10 AUG 2007 10 N.A. 1983 4 FREEHOLD 12,000,000
10 AUG 2007 10 SHAMROCK VILLAS 1983 1 FREEHOLD 3,000,000
3 AUG 2007 9 GRANGEFORD APARTMENT UNKNOWN 192 99 YRS FROM 01/12/1974 625,000,000
31 JUL 2007 19 CARDIFF COURT UNKNOWN 21 99 YRS FROM 25/08/1983 13,500,000
30 JUL 2007 17 N.A. UNKNOWN 10 946 YRS FROM 01/01/1938 12,550,000
30 JUL 2007 15 THE CHERRYWOOD 1986 5 FREEHOLD 4,799,998
27 JUL 2007 16 CASA NASSAU UNKNOWN 28 FREEHOLD 27,462,503
27 JUL 2007 11 CHANCERY VILLE UNKNOWN 10 FREEHOLD 27,330,000
27 JUL 2007 10 DYNASTY GARDEN(COURT 1) UNKNOWN 18 FREEHOLD 80,000,000
26 JUL 2007 15 N.A. UNKNOWN 7 FREEHOLD 8,400,000
26 JUL 2007 15 YI LI APARTMENT 1982 12 FREEHOLD 13,180,000
19 JUL 2007 8 N.A. 1987 4 FREEHOLD 2,500,000
18 JUL 2007 14 KEMBANGAN SUITES 1984 7 FREEHOLD 12,199,995
16 JUL 2007 15 ST PATRICK'S VIEW UNKNOWN 52 FREEHOLD 79,000,000
12 JUL 2007 15 MERLIN MANSION UNKNOWN 32 FREEHOLD 25,500,000
11 JUL 2007 15 N.A. UNKNOWN 17 FREEHOLD 50,674,971
10 JUL 2007 10 GRANGE COURT UNKNOWN 8 FREEHOLD 72,800,000
3 JUL 2007 4 PENDER COURT UNKNOWN 48 FREEHOLD 80,000,000
2 JUL 2007 10 N.A. UNKNOWN 7 FREEHOLD 7,922,222
2 JUL 2007 15 N.A. UNKNOWN 19 FREEHOLD 48,764,156
29 JUN 2007 15 N.A. UNKNOWN 8 FREEHOLD 11,088,000
28 JUN 2007 10 FARRER COURT UNKNOWN 618 99 YRS FROM 01/09/1977 1,338,800,000
28 JUN 2007 15 N.A. 1974 7 FREEHOLD 6,950,000
28 JUN 2007 10 SARKIES COURT UNKNOWN 6 FREEHOLD 34,000,000
27 JUN 2007 15 N.A. 1985 12 FREEHOLD 11,962,010
27 JUN 2007 15 PEILY COURT 1985 1 FREEHOLD 777,870
26 JUN 2007 10 N.A. UNKNOWN 11 FREEHOLD 49,000,000
26 JUN 2007 15 N.A. UNKNOWN 33 FREEHOLD 21,200,000
21 JUN 2007 15 ROSE MANSIONS 1977 5 FREEHOLD 6,509,790
21 JUN 2007 15 STILLINGIA COURT 1984 9 FREEHOLD 9,436,243
20 JUN 2007 10 AURA PARK UNKNOWN 28 FREEHOLD 55,500,000
20 JUN 2007 11 LINCOLN LODGE UNKNOWN 98 FREEHOLD 243,000,000
20 JUN 2007 10 THE ARDMORE UNKNOWN 24 FREEHOLD 262,000,000
19 JUN 2007 15 N.A. UNKNOWN 12 FREEHOLD 11,180,000
14 JUN 2007 21 GOODLUCK VIEW UNKNOWN 48 FREEHOLD 73,300,000
14 JUN 2007 19 N.A. 1984 18 FREEHOLD 21,580,000
13 JUN 2007 12 ELEGANCE VIEW 1984 16 FREEHOLD 18,418,000
13 JUN 2007 15 N.A. 1982 6 FREEHOLD 6,500,000
12 JUN 2007 15 SIGLAP COURT 1984 11 FREEHOLD 11,725,019
12 JUN 2007 9 SUMMER APARTMENTS UNKNOWN 14 FREEHOLD 23,900,000
11 JUN 2007 15 KOON SENG COURT 1986 1 FREEHOLD 800,000
11 JUN 2007 15 N.A. 1986 5 FREEHOLD 4,000,000
8 JUN 2007 12 HUP CHEONG MANSION UNKNOWN 30 999 YRS FROM 02/06/1882 24,000,000
8 JUN 2007 9 TONG WATT MANSION UNKNOWN 14 999 YRS FROM 01/07/1841 33,879,384
7 JUN 2007 14 MARZUKI LODGE UNKNOWN 12 FREEHOLD 10,900,000
6 JUN 2007 9 MAYER MANSION 1979 10 FREEHOLD 42,000,000
6 JUN 2007 11 N.A. UNKNOWN 11 FREEHOLD 11,500,000
6 JUN 2007 2 OAKSWOOD HEIGHTS UNKNOWN 84 FREEHOLD 132,000,000
6 JUN 2007 19 SIMONVILLE 1984 9 999 YRS FROM 14/07/1884 12,899,996
5 JUN 2007 19 N.A. 1986 6 FREEHOLD 4,800,000
5 JUN 2007 19 SIMON COURT 1987 6 999 YRS FROM 14/07/1884 6,660,000
1 JUN 2007 11 JUBILATION APARTMENT UNKNOWN 26 FREEHOLD 34,800,000
30 MAY 2007 12 DE ANGELO UNKNOWN 50 FREEHOLD 51,000,000
29 MAY 2007 12 MUTUAL COURT UNKNOWN 68 999 YRS FROM 02/06/1882 51,000,000
26 MAY 2007 28 NIM PARK UNKNOWN 56 FREEHOLD 84,000,000
23 MAY 2007 15 EAST COAST MANSIONS 1991 8 FREEHOLD 5,821,819
23 MAY 2007 11 XIU LAN COURT UNKNOWN 8 FREEHOLD 11,500,000
22 MAY 2007 11 SHELFORD COURT UNKNOWN 18 FREEHOLD 27,200,000
21 MAY 2007 4 CITIPORT CENTRE UNKNOWN 43 FREEHOLD 48,000,000
17 MAY 2007 15 CHAPEL MANSION UNKNOWN 6 FREEHOLD 6,000,000
17 MAY 2007 11 GILSTEAD VIEW UNKNOWN 64 FREEHOLD 96,500,000
17 MAY 2007 19 N.A. UNKNOWN 7 FREEHOLD 9,405,000
17 MAY 2007 19 N.A. UNKNOWN 6 FREEHOLD 8,095,000
16 MAY 2007 4 FAIRWAYS UNKNOWN 108 FREEHOLD 244,300,000
16 MAY 2007 14 N.A. 1976 8 FREEHOLD 3,590,000
15 MAY 2007 11 STAR MANSIONS 1989 8 FREEHOLD 16,168,888
13 MAY 2007 17 LOYANG LODGE UNKNOWN 14 999 YRS FROM 01/01/1885 14,800,000
9 MAY 2007 19 EASTERN WAY MANSIONS 1983 11 FREEHOLD 7,920,000
8 MAY 2007 19 CHUAN HOE MANSION UNKNOWN 8 999 YRS FROM 01/01/1886 5,430,000
2 MAY 2007 10 HIMIKO COURT UNKNOWN 176 FREEHOLD 336,000,000
30 APR 2007 12 KAI SHENG COURT UNKNOWN 12 999 YRS FROM 02/06/1882 8,454,710
30 APR 2007 15 RAMBUTAN MANSIONS 1989 6 FREEHOLD 4,358,700
30 APR 2007 12 THE SAPPHIRE UNKNOWN 24 FREEHOLD 19,000,000
28 APR 2007 5 WESTERN GROVE 1983 18 FREEHOLD 21,640,000
27 APR 2007 10 LEEDON HEIGHTS UNKNOWN 314 FREEHOLD 835,000,000
24 APR 2007 12 RAJAH MAISONETTE 1984 10 FREEHOLD 8,619,992
19 APR 2007 10 N.A. UNKNOWN 32 999 YRS FROM 01/01/1962 32,200,000
19 APR 2007 11 THOMSON MANSION UNKNOWN 18 FREEHOLD 30,000,000
17 APR 2007 9 DEVONSHIRE LODGE UNKNOWN 54 FREEHOLD 72,880,000
17 APR 2007 19 LAUREL PARK UNKNOWN 32 FREEHOLD 36,100,000
16 APR 2007 14 CASTLE COURT UNKNOWN 30 FREEHOLD 17,500,000
13 APR 2007 10 LA VENTURA UNKNOWN 25 FREEHOLD 134,000,000
12 APR 2007 11 ESSEN APARTMENTS UNKNOWN 12 FREEHOLD 12,010,000
9 APR 2007 15 N.A. UNKNOWN 1 FREEHOLD 201,339,353
5 APR 2007 10 EDEN SPRING 1984 14 FREEHOLD 51,000,000
5 APR 2007 11 SHELFORD VALE 1977 10 FREEHOLD 27,200,000
4 APR 2007 9 CLEMENCEAU COURT UNKNOWN 60 FREEHOLD 72,000,000
3 APR 2007 12 REGENT COURT 1984 49 FREEHOLD 34,000,000
3 APR 2007 2 SPOTTISWOODE APARTMENT UNKNOWN 92 FREEHOLD 79,500,000
30 MAR 2007 9 AIRVIEW TOWERS UNKNOWN 100 FREEHOLD 202,168,000
27 MAR 2007 15 PINE VIEW 1982 12 FREEHOLD 9,329,998
26 MAR 2007 9 ADIS VILLAS UNKNOWN 24 FREEHOLD 28,500,000
24 MAR 2007 15 PALM BEACH GARDEN UNKNOWN 34 FREEHOLD 75,000,000
23 MAR 2007 12 BRIGHT BUILDING UNKNOWN 18 FREEHOLD 16,500,000
22 MAR 2007 9 HILL COURT UNKNOWN 102 FREEHOLD 361,000,000
22 MAR 2007 10 ONE BALMORAL UNKNOWN 43 FREEHOLD 125,000,000
21 MAR 2007 19 CHARLTON GARDEN UNKNOWN 18 FREEHOLD 19,800,000
15 MAR 2007 10 HOLLAND CREST 1990 41 FREEHOLD 70,599,982
15 MAR 2007 12 N.A. UNKNOWN 9 FREEHOLD 7,200,000
14 MAR 2007 16 N.A. 1978 5 FREEHOLD 10,234,000
13 MAR 2007 15 N.A. 1984 6 FREEHOLD 6,450,000
12 MAR 2007 26 GREEN MEADOWS UNKNOWN 200 FREEHOLD 255,000,000
7 MAR 2007 9 N.A. UNKNOWN 7 FREEHOLD 29,000,000
5 MAR 2007 15 N.A. 1988 6 FREEHOLD 3,900,000
3 MAR 2007 10 ANDERSON 18 UNKNOWN 71 FREEHOLD 477,700,000
3 MAR 2007 5 WEST COAST GARDENS UNKNOWN 180 956 YRS FROM 27/05/1928 131,500,000
2 MAR 2007 12 BALESTIER COURT UNKNOWN 16 FREEHOLD 13,800,000
2 MAR 2007 10 NATHAN VILLE UNKNOWN 40 FREEHOLD 79,300,000
2 MAR 2007 15 SHERIDAN COURT UNKNOWN 14 FREEHOLD 11,200,000
1 MAR 2007 19 PELIKAT COURT UNKNOWN 16 FREEHOLD 10,800,000
15 FEB 2007 11 CONCORDE RESIDENCES UNKNOWN 38 FREEHOLD 51,000,000
15 FEB 2007 15 LEYUKE APARTMENTS UNKNOWN 12 FREEHOLD 10,100,000
15 FEB 2007 15 N.A. UNKNOWN 12 FREEHOLD 11,000,000
14 FEB 2007 10 LEWIS COURT UNKNOWN 12 FREEHOLD 24,000,000
13 FEB 2007 9 MOUNT SOPHIA APARTMENTS UNKNOWN 13 FREEHOLD 15,180,000
12 FEB 2007 9 CURZON LODGE UNKNOWN 20 FREEHOLD 36,260,000
9 FEB 2007 15 AMBER APARTMENTS UNKNOWN 8 FREEHOLD 8,500,000
6 FEB 2007 11 THE ALBANY UNKNOWN 47 FREEHOLD 65,000,000
5 FEB 2007 4 GILLMAN HEIGHTS UNKNOWN 607 99 YRS FROM 01/07/1985 548,000,000
1 FEB 2007 15 FLAMINGO VALLEY UNKNOWN 185 FREEHOLD 194,000,000
24 JAN 2007 19 CALISAY 1985 6 FREEHOLD 4,262,400
23 JAN 2007 9 CURZON LODGE UNKNOWN 20 FREEHOLD 30,000,000
19 JAN 2007 9 PARISIAN UNKNOWN 27 FREEHOLD 228,100,000
12 JAN 2007 16 ALDEA BLANCA 1985 16 FREEHOLD 12,680,000
11 JAN 2007 14 PEBBLE GARDENS 1987 10 FREEHOLD 7,224,348
11 JAN 2007 11 SURREY TOWER UNKNOWN 20 FREEHOLD 44,100,000
8 JAN 2007 15 KENG YEE GARDEN UNKNOWN 22 FREEHOLD 10,880,000
8 JAN 2007 15 N.A. UNKNOWN 24 999 YRS FROM 01/04/1963 28,100,000
5 JAN 2007 12 DATOH COURT UNKNOWN 14 FREEHOLD 16,500,000
5 JAN 2007 12 PRINCE APARTMENT UNKNOWN 19 FREEHOLD 19,695,000
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Global recession is coming....
Correct your statement:
When 99-years leasehold properties reach end of 99-years lease, it definitely must go (as you said)!
BUT MOST IMPORTANT IS THAT: 99-YEARS LEASEHOLD PROPERTY OWNERS GET $ZERO compensation !!!!!!!!!!!!!!!
Well, as you said before, Freehold properties more difficult to enbloc, BUT this ENSURE THAT FREEHOLD PROPERTY OWNERS GET A VERY VERY GOOD COMPENSATION, THEY WON'T BE SHORT-CHANGED in contrast to 99-YEARS LEASEHOLD PROPERTY OWNERS !!!!!!!!!!!!!!!!!!!!
Senior
When a LH property is fully paid up, it will become a cash cow that will continue to produce milk till the end of the lease.
Assuming at $4000 per month, a LH property will be able to generate over $4.3m of rental income over 90 years, thats is around 4.8% is the property cost today is around 1m.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Global recession is coming....
When a FH property is fully paid up, and it costs only 20% more than the LH, it will become an ETERNAL FOREVER CASH COW that will continue to generate RENTAL FOREVER!
You go count, you rent out your FH property forever, at today's $4000 per month, how much will you get??? CANNOT FINISH COUNTING INCOME BECAUSE NO END DATE!
Never mind, we just take 999 years, that means your Freehold property will generate rental income of MUCH MORE THAN $47.95 MILLIONS after 999 years, and that MUCH LESS THAN 0.48% of the property cost today at around S$1M !!!!!!!!!!!!!!!!!!!!!!!
Newbie
Right to the point
Newbie
Right to the pointhttp://forums.condosingapore.com/images/icons/icon14.png
Senior
I believe you have seen the long list of FH condo that have gone en bloc and also the recent news about several FH apartment looking for en bloc sales too right?
Isnt that sufficient to show you that you are just a caretaker of the FH land, and when your condo is old, it will be sold to developer for rebuilding.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Newbie
Freehold vs leasehold.... Much will depend on demand forces? If a place/country goes downhill, leasehold or freehold won't really matter anymore?? I would like to think the equation is not as straight forward as some make it out to be....
Senior
That is why Singapore is so popular: stable country with a strong dollar and limited land area. Most important is the potential to grow further. Just hope it will continue with that.
Newbie
I would think that if the place or country go downhill, even more important to own freehold because no enbloc potential means leasehold properties owners all will see their properties values go to 0 without enbloc and no way to cash out.
Senior
I have something to share here on rental which I have encountered recently. I have been asking my tenants usually 3 months ahead of the lapse of their lease to guage their interest to continue leasing. Tenant is very happy to extend the corporate lease for another year 1 month before it lapses without the diplomatic clause. Just 3 weeks into the new agreement, the company needs him back in US. I have asked them to ffind a replacement at least the same rent and must be agreeable by me. Otherwise, they will continue to pay the rent. They counter offer me with 3 months rental plus agent's commisson. What will you do if you are in my shoe?
Junior
Bro, this happened to me 15 years ago. Signed 2 year contract. After 1 month, tenants wanted out because next door doing renovation in afternoon and they do graveyard shift. Nego and got 4 month for termination.
work out the sums... If you get 3 month, u can still afford rental to be lower by 10% and still come up on top. Nego for 6 month first... And work out a deal both are comfortable.... The corporate has more to lose as they are bounded by contract... Consider this a blessing
Newbie
Counter offer 6 month.
If there's any agreement signed, you're having the upper hand.
But don't get too demanding, try to negotiate with leeways.
I believe getting a tenant within 3 months is not too hard even if there's a slight drop in rent.
Agent comm's to be paid by tenant is a must.
Senior
Have asked for 4 months as it is only a one year lease plus agent's commission and they agreed.
Senior
Can enjoy the facility till March 2015. Will be a bonus if I can find anyone earlier. Do I need to declare as income if I can find a new tenant earlier?
Mercedes Lover
I will accept the compensation and quickly move on in looking for a new tenant. I see these as the occasional "perks" enjoyed by the landlords with the "double income", notwithstanding the fact that it may also act as a form of compensation or consolidation for the empty periods in between tenancies..
Newbie
Depending on yourself actually.
If you think declaring as income helps you, just go ahead.
But if there's no benefit to declare,why bother since it'll be taxed?
Unless you're in need to refinance your property loan.
Senior
Have asked marketing for new tenants. This has also happened 2.5years ago when the previous tenant after signing the extended contract of I year has to return to UK due to relocation. It was a not corporate lease and my tenant has to continue to pay rent only after getting a replacement at the same rent. He was lucky as as a replacement was found in less than a month.
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