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Thread: Leasehold versus Freehold - the Comparison Continues (2016)

  1. #281
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    Quite obvious what...

    Mak attributes this to the Differential Premium system adopted by the Singapore Land Authority (SLA), which values a fresh 99-year leasehold property at 96% of a freehold property. When the remaining lease is 60 years, the differential premium is pegged at 80% of the freehold value. Even when the remaining lease is 30 years, the value is 60% of that of freehold property. The differential premium for topping up the lease is therefore steep, says Mak.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  2. #282

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    At this moment (the market is hot and the price seems moving up)
    with limited budget, should I buy FH (but locate not good) or LH ( bettter location)
    or it doesn't matter - just buy?

    If I buy LH, should I buy the old one (80yr remaining period) or those with >90 yr period,
    as the psf price dropped a lot once the remaining lease period reach 80 years

  3. #283

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    Another fallacy and myth being perpetuated......................

    Think about it, nowsday the HDB flats and private condos have plot ratio 2.8 and higher and already built up to 36 storeys high or higher, you expect they can build double the height?

    If cannot, why need to buy back from you for SERS / enbloc (when they can wait for another 30-69 years and take back for FREE)?

    Better hope that your MCST or town councils don't try to save money on maintenance, otherwise you will have to climb up and down 36 storeys when the lifts break down! (or you may get "free-falling" adventure ride for FREE!)

  4. #284
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    Looking for potential properties includes being able to identify those with potential to build higher floors. Those under 12-15 floors still have chance to build up more.

    Look for those with lower plot ratios at the moment as well.

    Leave the engineering feat to engineers.



    Quote Originally Posted by tanghao View Post
    Another fallacy and myth being perpetuated......................

    Think about it, nowsday the HDB flats and private condos have plot ratio 2.8 and higher and already built up to 36 storeys high or higher, you expect they can build double the height?

    If cannot, why need to buy back from you for SERS / enbloc (when they can wait for another 30-69 years and take back for FREE)?

    Better hope that your MCST or town councils don't try to save money on maintenance, otherwise you will have to climb up and down 36 storeys when the lifts break down! (or you may get "free-falling" adventure ride for FREE!)
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  5. #285
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    Another blind spot area is the shared land area that is not built for residence, such as huge single floor carparks, undeveloped land within the development, huge swimming pools and tennis courts.

    All these can contribute to additional floor space. Watch out for them in even newer developments.

    Quote Originally Posted by tanghao View Post
    Another fallacy and myth being perpetuated......................

    Think about it, nowsday the HDB flats and private condos have plot ratio 2.8 and higher and already built up to 36 storeys high or higher, you expect they can build double the height?

    If cannot, why need to buy back from you for SERS / enbloc (when they can wait for another 30-69 years and take back for FREE)?

    Better hope that your MCST or town councils don't try to save money on maintenance, otherwise you will have to climb up and down 36 storeys when the lifts break down! (or you may get "free-falling" adventure ride for FREE!)
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  6. #286
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    Some of those low floors buildings will forever remain low floors! Don't bet too much on hope and dream that plot ratios will increase just because it is now low!

    Quote Originally Posted by Kelonguni View Post
    Looking for potential properties includes being able to identify those with potential to build higher floors. Those under 12-15 floors still have chance to build up more.

    Look for those with lower plot ratios at the moment as well.

    Leave the engineering feat to engineers.

  7. #287
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    Most important is how rare low floor developments would be in the future.

    But generally, it would be a safer bet than developments with tall buildings and every area developed.

    Quote Originally Posted by teddybear View Post
    Some of those low floors buildings will forever remain low floors! Don't bet too much on hope and dream that plot ratios will increase just because it is now low!
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  8. #288
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    For 99-years leasehold properties, difficult to bet to see much future because gov can just wait for lease to run out by end of 99 years before they adjust plot ratio higher and gov huat ah! BUT You get $0! Oh wait, you can actually be made to pay for pulling down of your estate buildings and returning empty land to gov!

    Quote Originally Posted by Kelonguni View Post
    Most important is how rare low floor developments would be in the future.

    But generally, it would be a safer bet than developments with tall buildings and every area developed.

  9. #289

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    Quote Originally Posted by teddybear View Post
    For 99-years leasehold properties, difficult to bet to see much future because gov can just wait for lease to run out by end of 99 years before they adjust plot ratio higher and gov huat ah! BUT You get $0! Oh wait, you can actually be made to pay for pulling down of your estate buildings and returning empty land to gov!
    So, in my case (budget 1.8 m) which condo you would choose?

    FH
    1) Farrer Park - city square residence (1200 sq feet)
    2) Jalan Datoh (Balastier) - Vista residence (1200), the Arte (1399)
    3) Pasir Panjang - small projects
    4) Marine Parade & Kambangan - small project

    http://forums.condosingapore.com/sho...the-best/page5


    LH
    Red Hill and Queens Town
    1) Ascentia sky about 1200 sqft unit 1500 psf. 92 yrs remain
    2) metropolitan about 1380 sqft unit 1300 psf. 88 yrs remain
    3) Queens about 1500 sqft unit 1150 psf. 81 yrs remain

    http://forums.condosingapore.com/sho...ct-is-the-best

  10. #290
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    The vast majority of housing (all types) in Singapore are below 30 years old.

    So Govt can afford to wait for 69 to 95 years to wait for all LH to be returned to state?

    It’s either not facing reality or just plain naive.

    Quote Originally Posted by teddybear View Post
    For 99-years leasehold properties, difficult to bet to see much future because gov can just wait for lease to run out by end of 99 years before they adjust plot ratio higher and gov huat ah! BUT You get $0! Oh wait, you can actually be made to pay for pulling down of your estate buildings and returning empty land to gov!
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  11. #291
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    Yes they can wait because they still have lots of free land that they can sell for 99-years lease to cater for 6.9M population!
    Anyway, majority of Singaporeans voted not to have population increase so gov have more than enough land to go around!
    Unless Singapore hits 10M population, else having plot ratio increase before 99-years leasehold land lease running out probably going to be very low in future!

    Quote Originally Posted by Kelonguni View Post
    The vast majority of housing (all types) in Singapore are below 30 years old.

    So Govt can afford to wait for 69 to 95 years to wait for all LH to be returned to state?

    It’s either not facing reality or just plain naive.

  12. #292
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    All LH will be out!

    For FH, I would go for (2).
    You could also consider 368 Thomon and Cube 8.

    However, better choice would be those FH condo estates (with >100 units) much nearer Novena MRT station and Novena Square mall, example, Novena Suites, Park Infinia, Viva, Lincoln Residences etc.

    Quote Originally Posted by lhk001 View Post
    So, in my case (budget 1.8 m) which condo you would choose?

    FH
    1) Farrer Park - city square residence (1200 sq feet)
    2) Jalan Datoh (Balastier) - Vista residence (1200), the Arte (1399)
    3) Pasir Panjang - small projects
    4) Marine Parade & Kambangan - small project

    http://forums.condosingapore.com/sho...the-best/page5


    LH
    Red Hill and Queens Town
    1) Ascentia sky about 1200 sqft unit 1500 psf. 92 yrs remain
    2) metropolitan about 1380 sqft unit 1300 psf. 88 yrs remain
    3) Queens about 1500 sqft unit 1150 psf. 81 yrs remain

    http://forums.condosingapore.com/sho...ct-is-the-best

  13. #293

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    Quote Originally Posted by teddybear View Post
    All LH will be out!
    better choice would be those FH condo estates (with >100 units) much nearer Novena MRT station and Novena Square mall, example, Novena Suites, Park Infinia, Viva, Lincoln Residences etc.
    My budget is not enough to buy 3 bedrooms units of these projects.



    So, your view is FH is even more important than location and condo layout & facilities?
    Those projects in Queens Town and Red Hill are very nice!

  14. #294
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    Minus the land required to be put as Nature Reserve, roads, bus depots (switching to bus model), army or police camps, very little land is left. As we speak, cemeteries in Bukit Brown and Lim Chu Kang are being exhumed to create some space.

    You probably have not ventured out of your FH CCR century old mansion for decades.

    Quote Originally Posted by teddybear View Post
    Yes they can wait because they still have lots of free land that they can sell for 99-years lease to cater for 6.9M population!
    Anyway, majority of Singaporeans voted not to have population increase so gov have more than enough land to go around!
    Unless Singapore hits 10M population, else having plot ratio increase before 99-years leasehold land lease running out probably going to be very low in future!
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  15. #295

    Default

    Quote Originally Posted by Kelonguni View Post
    Minus the land required to be put as Nature Reserve, roads, bus depots (switching to bus model), army or police camps, very little land is left. As we speak, cemeteries in Bukit Brown and Lim Chu Kang are being exhumed to create some space.

    You probably have not ventured out of your FH CCR century old mansion for decades.
    In your opinion, which one is the Best Buy with 1.8m budget?

    FH
    1) Farrer Park - city square residence (1200 sq feet)
    2) Jalan Datoh (Balastier) - Vista residence (1200), the Arte (1399)
    3) Pasir Panjang - small projects
    4) Marine Parade & Kambangan - small project

    http://forums.condosingapore.com/sho...the-best/page5


    LH
    Red Hill and Queens Town
    1) Ascentia sky about 1200 sqft unit 1500 psf. 92 yrs remain
    2) metropolitan about 1380 sqft unit 1300 psf. 88 yrs remain
    3) Queens about 1500 sqft unit 1150 psf. 81 yrs remain

    http://forums.condosingapore.com/sho...ct-is-the-best

  16. #296
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    Location is also very important, hence all those I recommended you are in D11 or thereabout which is still close to your choice of The Arte etc (and not FH (1), (3), and (4)). My preference is always FH in D9, D10, and D11.
    Otherwise, The Arte and Vista Residences are not bad choices. Still walkable to Novena MRT station and shopping malls.

    Quote Originally Posted by lhk001 View Post
    My budget is not enough to buy 3 bedrooms units of these projects.



    So, your view is FH is even more important than location and condo layout & facilities?
    Those projects in Queens Town and Red Hill are very nice!

  17. #297
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    There are lots of land lah! Go Bidadari, Go Simpang, Go Sembawang, Go Lim Chu Kang, Go Sungei Buloh nearby area, go Woodlands, go Punggol, go Pasir Ris, go Changi, go Tuas and Jurong, and soon the whole of Marina South and Keppel Shipyard and Pasir Panjang area (when the port moved to Tuas) etc, wahhhhhh....., so much empty land! Still not enough? Still got the whole Palau Ubin and Palau Tekong! All these land can easily accomodate up to 8M population!
    Above that then gov needs to up plot ratios of existing buildings!

    Quote Originally Posted by Kelonguni View Post
    Minus the land required to be put as Nature Reserve, roads, bus depots (switching to bus model), army or police camps, very little land is left. As we speak, cemeteries in Bukit Brown and Lim Chu Kang are being exhumed to create some space.

    You probably have not ventured out of your FH CCR century old mansion for decades.

  18. #298

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    Quote Originally Posted by teddybear View Post
    Location is also very important, hence all those I recommended you are in D11 or thereabout which is still close to your choice of The Arte etc (and not FH (1), (3), and (4)). My preference is always FH in D9, D10, and D11.
    Otherwise, The Arte and Vista Residences are not bad choices. Still walkable to Novena MRT station and shopping malls.
    Thank you for your advice.

    As it is my first property, I need to be very careful in making decision.

    I also want to get the opinion from others before going to house viewing.

  19. #299

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    Quote Originally Posted by lhk001 View Post
    Thank you for your advice.

    As it is my first property, I need to be very careful in making decision.

    I also want to get the opinion from others before going to house viewing.
    Don't take too long, I ask for a Toyota Wish after 1 week.

  20. #300
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    Bro, you will find that you have the best answer that no one in this forum can advise you on.

    I focus on three things for own stay first property.

    1. Utility - how much you can use the place. The best is your children study there, you and spouse work nearby and your parents live nearby.

    2. Affordability - if I have 1.8 million, I have the tendency to split it to buy 2 properties, or to leave some buffer. Unless it is not possible due to the constraints of point 1.

    3. Long term development of the area which ties in with purpose of use and exit plan. Need to know your targeted timeline and longer term purpose etc. Do you intend to have only 1 mega property or plan to have more? Are you comfortable to rent out and is rental income compatible with your main income at your targeted exit points?

    More questions that you need to be aware of than you realise actually.



    Quote Originally Posted by lhk001 View Post
    In your opinion, which one is the Best Buy with 1.8m budget?

    FH
    1) Farrer Park - city square residence (1200 sq feet)
    2) Jalan Datoh (Balastier) - Vista residence (1200), the Arte (1399)
    3) Pasir Panjang - small projects
    4) Marine Parade & Kambangan - small project

    http://forums.condosingapore.com/sho...the-best/page5


    LH
    Red Hill and Queens Town
    1) Ascentia sky about 1200 sqft unit 1500 psf. 92 yrs remain
    2) metropolitan about 1380 sqft unit 1300 psf. 88 yrs remain
    3) Queens about 1500 sqft unit 1150 psf. 81 yrs remain

    http://forums.condosingapore.com/sho...ct-is-the-best
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

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