My illuminated advice to enblockers:

[狮子王]

Geylang enblocking by the smaller developers are ending soon and their projects have been selling very very well indeed for the past 2 years.

They will be shifting their targets to the next zone.

If your project happens to be on their radar list, remember my advice: Seize the chance to cash out, this is because:

1) Older projects are costly to maintain.

2) It will bite into your sinking funds as a project ages.

3) New projects appeal to buyers more than old ones.

Do not be stubborn.

Good Luck.

Your illuminated Uncle.

[狮子王]

Geylang enblocking by the smaller developers are ending soon and their projects have been selling very very well indeed for the past 2 years.

They will be shifting their targets to the next zone.

If your project happens to be on their radar list, remember my advice: Seize the chance to cash out, this is because:

1) Older projects are costly to maintain.

2) It will bite into your sinking funds as a project ages.

3) New projects appeal to buyers more than old ones.

Do not be stubborn.

Good Luck.

Your illuminated Uncle.

Also, remember to negotiate to leave your unwanted furnitures and fittings in your old apartment to save on moving costs.

[leesg123]

can the original owners MCST enbloc the land to developers as 99LH and the original msct retain the freehold deed?

[hopeful]

can the original owners MCST enbloc the land to developers as 99LH and the original msct retain the freehold deed?

can, but developer will rather deal with a single/few owner rather than tens or even hundreds of owners.

valuation of original msct shares after enbloc-ing?
how is one of the original msct shareholder going to cash out after enbloc-ing?
because the next buyer of the original mcst shares no more income stream until the next enbloc.

[eng81157]

can the original owners MCST enbloc the land to developers as 99LH and the original msct retain the freehold deed?

unless u own a piece of land that is sooooooo unique or sooooooo precious that there is nothing else like it in the vicinity. or else, the sellers will still have to pander to developers

[狮子王]

unless u own a piece of land that is sooooooo unique or sooooooo precious that there is nothing else like it in the vicinity. or else, the sellers will still have to pander to developers

This used to be true in the past. But if we examine closely what has been happening to Geyland (due to her proximity to City), it becomes obvious that many existing old projects are standing and overlapping on precious lands. Lands when enbloced will have the overlapping demand by the newer projects

[狮子王]

This used to be true in the past. But if we examine closely what has been happening to Geyland (due to her proximity to City), it becomes obvious that many existing old projects are standing and overlapping on precious lands. Lands when enbloced will have the overlapping demand by the newer projects

It is also good to enbloc old projects for urban renewal. If you have stay in places like Hong Kong, many prime lands are being hogged for many years. By enblocking, it diffuses the power of the landlords.

[eng81157]

This used to be true in the past. But if we examine closely what has been happening to Geyland (due to her proximity to City), it becomes obvious that many existing old projects are standing and overlapping on precious lands. Lands when enbloced will have the overlapping demand by the newer projects

while i agree with you, it doesn't address the topic of the discussion. has any FH development successfully enbloc 99years of their lease to developers?

[狮子王]

while i agree with you, it doesn't address the topic of the discussion. has any FH development successfully enbloc 99years of their lease to developers?

So far none. But that does not mean it is not possible.

I feel owners can consider keeping their deeds and enblock only 99 years of their 999/Freehold years to developers will be a good way to unlock their cash in the equity instead of going to banks for loans after their retirement

By allowing this method, the government can then make an equivalent cap on total years for freehold land, say to 1000 years; for those owners that chose to enblock a portion of their freehold title.

Otherwise freehold means forever, and this will help free up landbanks for the country in the future.In this manner, much conflicts in the future can be avoided rather than making a new policy to control freehold lands, you let the freehold landowners chart their destiny.

for 999 years, there is no issue as the lifespan is limited at 999 years.

[狮子王]

So far none. But that does not mean it is not possible.

I feel owners can consider keeping their deeds and enblock only 99 years of their 999/Freehold years to developers will be a good way to unlock their cash in the equity instead of going to banks for loans after their retirement

By allowing this method, the government can then make an equivalent cap on total years for freehold land, say to 1000 years; for those owners that chose to enblock a portion of their freehold title.

Otherwise freehold means forever, and this will help free up landbanks for the country in the future.In this manner, much conflicts in the future can be avoided rather than making a new policy to control freehold lands, you let the freehold landowners chart their destiny.

for 999 years, there is no issue as the lifespan is limited at 999 years.

Note that 1000 years means 10 generations, and that is considered foreseeable future if new human lifespan extended to 120 years old on the avearge.

[VS]

Note that 1000 years means 10 generations, and that is considered foreseeable future if new human lifespan extended to 120 years old on the avearge.

1000 years means 10 generations? More like 34 generations, if all marry and have children at 30 years old