View Full Version : Why government is not stopping FEO from monopolize land lease?
Hi all...I am aiming for Mt Sinai Henry Park new development.
However, it seems it is on a 103/99 year lease which is monopolize by FEO. I will write an email to Mr. Khaw of MND and URA to address my concern.
Anyone can provide any insight and view(s) on this matter? Thanks.
ikan bilis
24-01-13, 14:40
umm.... try don;t use pseudonym/pen-name of yowetan when you write to cow... :beats-me-man: :(
umm.... try don;t use pseudonym/pen-name of yowetan when you write to cow... :beats-me-man: :(
Hi..I have wrote to him before, and I will want to keep the consistency.
Whistleblowing is an art.
ikan bilis
24-01-13, 14:43
Hi..I have wrote to him before, and I will want to keep the consistency.
Whistleblowing is an art.
cow got reply you the last time ??... :beats-me-man:
cow got reply you the last time ??... :beats-me-man:
That's a secret.
ikan bilis
24-01-13, 14:48
hmm... guess cow won't bother to reply you this time, bcoz very soon he will have to launch LH45 for all GLS... if market fever don't get cool down...:rolleyes:
... LH99 from FEO better than LH45 mah ??.. ;) :D
hmm... guess cow won't bother to reply you this time, bcoz very soon he will have to launch LH45 for all GLS... if market fever don't get cool down...:rolleyes:
... LH99 from FEO better than LH45 mah ??.. ;) :D
I will be disappointed if the government allows developer monopolise the landlease and park it as their land bank.
I will be disappointed if the government allows developer monopolise the landlease and park it as their land bank.
then, u will keep disappoint for life....
this is far beyond MND to address
buttercarp
24-01-13, 15:10
I will be disappointed if the government allows developer monopolise the landlease and park it as their land bank.
But the land belongs to feo.... so they can do anything they like.
blackapple
24-01-13, 15:16
Just ask government to tax freehold 10 times that of leasehold.. 999 years vs 99 year
FEO will vomit out everything FOC..
then, u will keep disappoint for life....
this is far beyond MND to address
Hi...your son's and many other son/daughter future will be in dire state when the land lease is controlled by the developer instead government URA etc.
There is no free market when all developer buy up all freehold and 999LH.
The disappointment will be massive.
for this i support ah tan. if developer buy up all FH and sell leasehold. they will be controlling state land forever
There is Land Acquisition Act....
for this i support ah tan. if developer buy up all FH and sell leasehold. they will be controlling state land forever
willing seller, willing buyer. if you don't like the deal, don't buy from the developer.
There is Land Acquisition Act....
there are conditions attached to it. this isn't russia or china, where the socialist government can take over land for common use without restitution
But the land belongs to feo.... so they can do anything they like.
unless govt decide to built mrt station on the land...:D:D:D
there are conditions attached to it. this isn't russia or china, where the socialist government can take over land for common use without restitution
Yes, China is different - if the owners refuse to move they have to build the highway around it! :eek:
http://www.dailymail.co.uk/news/article-2236746/Road-built-building-couple-refuse-China.html
No such nonsense in Singapore.
Yes, China is different - if the owners refuse to move they have to build the highway around it! :eek:
http://www.dailymail.co.uk/news/article-2236746/Road-built-building-couple-refuse-China.html
No such nonsense in Singapore.
heard that the owner had agreed the settlement and moved
I will be disappointed if the government allows developer monopolise the landlease and park it as their land bank.
u have a choice. let ur finger do the walking dont buy!
Allthepies
25-01-13, 06:44
If you think developer has so much an edge, then work towards becoming a developer! Then you can buy many free hold land and resell as leasehold.:cheers1: :cheers1:
You have a choice.. Surrender ur pink ic
Government may not heed your call, as it is FEO's rights to package the product in his way and willing buyers will bite. The easier way to start is perhaps to request developers to explain clearly it is leasehold on freehold on the brochure and in the show room, and implications have to be explained, for example, buyers cannot enbloc to other developers , and all these cannot be hidden in the tiny footnotes, they must be made obvious.
Just ask government to tax freehold 10 times that of leasehold.. 999 years vs 99 year
FEO will vomit out everything FOC..
Excellent idea, people or companies that own FH or 999yrs land and sold it to consumers as LH units should be tax very heavily each year on their land.
Many people were unware that the land on which their LH units were bought belonged to the developer or a private entity, not the Govt. They should have been fully informed of this by the developers before the sale, but the developers just kept quiet. The law should be corrected to protect consumers and tax very heavily on these private land owners.
Unless the owner of the "freehold" land is the sultan of Johore or some English royalties, i hardly believe there are any true "freehold" land in singapore. For as long the ruling party remains.
Be very careful about choosing to 'kick out the ruling party'..
Hope you can find some time to see how the cultural revolution happened in china.. As well as the implications and how it set back the country a good number of years.
The sentiment of young people nowadays is just whine and whine and whine.. You want succes you have to work for it!! And very hard at that!
You want freehold land, jolly well Work hard tk get One. Don't always demand for the government to do things for you, unless of course you want to exist in a communist society.. Do work or don't do work, you will still get your 'basic rights'.
Cheers :)
Government may not heed your call, as it is FEO's rights to package the product in his way and willing buyers will bite. The easier way to start is perhaps to request developers to explain clearly it is leasehold on freehold on the brochure and in the show room, and implications have to be explained, for example, buyers cannot enbloc to other developers , and all these cannot be hidden in the tiny footnotes, they must be made obvious.
There is a HUGE misunderstanding about the strategic intent of the 103 years LH on FH land. Developer's aim is not to compete for enbloc, but to make use of the owners of the 103LH to help them enbloc.
See if from their view, they sell u 103 years, 25 years later, you go back to them to pay them the same amount as you will pay the government to top up the lease, they happily accept knowing that thats the max the mkt willing to pay.
Get the money, top up the lease, then repeat again 25 yrs later!
Seriously, who want to wait for 103 years ?
Think, my friends, Think!
DKSG
DKSG... why are you asking @economist to think when you should be the one doing some thinking
There is a HUGE misunderstanding about the strategic intent of the 103 years LH on FH land. Developer's aim is not to compete for enbloc, but to make use of the owners of the 103LH to help them enbloc.
See if from their view, they sell u 103 years, 25 years later, you go back to them to pay them the same amount as you will pay the government to top up the lease, they happily accept knowing that thats the max the mkt willing to pay.
Get the money, top up the lease, then repeat again 25 yrs later!
Seriously, who want to wait for 103 years ?
Think, my friends, Think!
DKSG
DKSG... why are you asking @economist to think when you should be the one doing some thinking
Oops ... the thinking part is meant for all of us to think about it.
I did some extensive thinking and talking to developers when the 103 yr thing came out, so sharing with you all now...
DKSG
Unless the owner of the "freehold" land is the sultan of Johore or some English royalties, i hardly believe there are any true "freehold" land in singapore. For as long the ruling party remains.
What does freehold land have anything to do with the ruling party?
You mean if there is another party ruling Singapore there will be "true" freehold land?
You see... you could have made some sense with your first few lines... then you had to add a political statement at the end....:doh:
And suddenly you don't sound like a very sensible person.
Oops ... the thinking part is meant for all of us to think about it.
I did some extensive thinking and talking to developers when the 103 yr thing came out, so sharing with you all now...
DKSG
My apologies if I sounded mean...
But I don't see your point. Maybe I am not thinking enough. And I think quite a lot...
Good night.
There is a HUGE misunderstanding about the strategic intent of the 103 years LH on FH land. Developer's aim is not to compete for enbloc, but to make use of the owners of the 103LH to help them enbloc.
See if from their view, they sell u 103 years, 25 years later, you go back to them to pay them the same amount as you will pay the government to top up the lease, they happily accept knowing that thats the max the mkt willing to pay.
Get the money, top up the lease, then repeat again 25 yrs later!
Seriously, who want to wait for 103 years ?
Think, my friends, Think!
DKSG
No building or condo in Singapore have lasted for 103 years. Even if you reset the lease to 0 years your building estate etc will still be 25 years old.
Like in any condo, when the buildings become old, rental suffer, cost of maintenance repair become overly expensive, so for owner the best option is to go for en bloc if they could.
Like in any business when there is no competition, consumer always suffer. Today developer can sing this song, in 40 years time another boss will sing a different tune. So why take the risk when you know that you will have nothing to gain but plenty to lose? Developers are in the business of buy low sell high, so dont expect them to operate like a charitable organization.
In this case, the owners will lagi bang balls if plot ratio of the estate in being revised upwards. under such circumstance, its will always be a win-lose situation.
perhaps you might be thinking too much like a developer instead of home owners or investors
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