Originally Posted by
DKSG
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