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View Full Version : 30/45/60 yr least residential properties is coming!


may2012
06-09-12, 17:36
Two reserve list sites will be launched for sale after developers committed minimum bids that are acceptable to the Urban Redevelopment Authority (URA).

Located at Jalan Jurong Kechil, the first site is zoned residential and has a land area of 1.02-ha and gross floor area (GFA) of around 14,200 sq m. It comes with a lease option of 30, 45 or 60 years.

Aside from condominiums or flats, the successful tenderer has the flexibility to develop the site into retirement housing as well.

According to the URA, a developer committed a minimum offer of S$23.96 million on a 60-year lease term for the land parcel.

Meanwhile, the other site (pictured) at Jurong Town Hall Road, offers a land area of 0.9-ha and a potential GFA of around 19,000 sq m.

The plot is expected to be developed into a unique hotel development that features a garden setting, highlighting its ideal location close to the picturesque Jurong Lake.

For this site, the URA accepted the developer’s application of a minimum bid of S$101.98 million.

The sites are expected to be launched in about two weeks and the tender period will be around eight weeks.




Hold tight tight to ur freehold n 999 yrs ahhh!!!

So can u guess how much a 30yr lease hold MM cost in future? :2cents:
phantom_opera
06-09-12, 18:01
i beg to differ, option of 60y lease will probably cool the market further :tsk-tsk:
radha08
06-09-12, 18:11
i beg to differ, option of 60y lease will probably cool the market further :tsk-tsk:

how MUCH further 50% drop by 2015...:D:D:D
ikan bilis
06-09-12, 18:20
how MUCH further 50% drop by 2015...:D:D:D

no need 2015... some perma bear-bear can claim now already drop 50% liow... from 1200psf (LH99) to 600psf (LH30).... :D
radha08
06-09-12, 18:43
no need 2015... some perma bear-bear can claim now already drop 50% liow... from 1200psf (LH99) to 600psf (LH30).... :D

so whats next 30yr lease..$300psf..:D:D:D
ikan bilis
06-09-12, 20:01
so whats next 30yr lease..$300psf..:D:D:D

hello! this world where got 30yr no inflation...

~~~~~~~~~~

heya... find something to let the perma bear-bear win once lah... they dam kpkb non-stop everyday... :beats-me-man:
radha08
06-09-12, 20:04
hello! this world where got 30yr no inflation...

~~~~~~~~~~

heya... find something to let the perma bear-bear win once lah... they dam kpkb non-stop everyday... :beats-me-man:

thats why i say...:D:D:D
Regulators
06-09-12, 20:09
Those old leasehold with 70-80yr left like having full lease n more
radha08
06-09-12, 20:38
hdb 99 years the best hdb99=999=9999=99999999999:D

cant imagine one day if any hdb block reach 99 years the govt throw the people out on the streets...:doh:...wont happen right unlike private 99 yrs:cheers1:
Kanarazu
06-09-12, 20:43
hdb 99 years the best hdb99=999=9999=99999999999:D

cant imagine one day if any hdb block reach 99 years the govt throw the people out on the streets...:doh:...wont happen right unlike private 99 yrs:cheers1:

But at some point in time you will get a SERS and then have to top up the lease difference when you get a new flat. That is additional cost just that it won't happen anytime soon.
hyenergix
06-09-12, 20:47
Two reserve list sites will be launched for sale after developers committed minimum bids that are acceptable to the Urban Redevelopment Authority (URA).

Located at Jalan Jurong Kechil, the first site is zoned residential and has a land area of 1.02-ha and gross floor area (GFA) of around 14,200 sq m. It comes with a lease option of 30, 45 or 60 years.

Aside from condominiums or flats, the successful tenderer has the flexibility to develop the site into retirement housing as well.

According to the URA, a developer committed a minimum offer of S$23.96 million on a 60-year lease term for the land parcel.

Meanwhile, the other site (pictured) at Jurong Town Hall Road, offers a land area of 0.9-ha and a potential GFA of around 19,000 sq m.

The plot is expected to be developed into a unique hotel development that features a garden setting, highlighting its ideal location close to the picturesque Jurong Lake.

For this site, the URA accepted the developer’s application of a minimum bid of S$101.98 million.

The sites are expected to be launched in about two weeks and the tender period will be around eight weeks.




Hold tight tight to ur freehold n 999 yrs ahhh!!!

So can u guess how much a 30yr lease hold MM cost in future? :2cents:

Desperate developer.
kane
06-09-12, 20:54
The older hdbs of the late 70s and early 80s have,more lease left than this new plot.
carbuncle
06-09-12, 21:11
And yet they can consistently hit new highs!
carbuncle
06-09-12, 21:14
well the oldest hdb in tiong bahru the former SIT still sitting pretty....
radha08
06-09-12, 21:14
And yet they can consistently hit new highs!

willing buyer willing seller...:cool:
hyenergix
06-09-12, 21:15
60 years lease houses have very little hopes of sub-sale or re-sale. Buyers better beware.
price
06-09-12, 21:32
60 years lease houses have very little hopes of sub-sale or re-sale. Buyers better beware.

Do you think the bank loan rates / term will differ for 60/30 years LH? 30 years definitely you cant borrow 40-50 (UOB) years anymore right?
Regulators
06-09-12, 21:44
don't rule out the possibility of govt topping up leases in future. Remember that we are moving in the direction of hk
60 years lease houses have very little hopes of sub-sale or re-sale. Buyers better beware.
hyenergix
06-09-12, 21:59
Do you think the bank loan rates / term will differ for 60/30 years LH? 30 years definitely you cant borrow 40-50 (UOB) years anymore right?

Shd b higher, if bank takes back e house it may recover low market value. Risk is higher for bank. Owners may end up renting from govt n bank. COE for houses is coming.
focus
06-09-12, 22:20
So MND wants prices to go higher or lower?
How come give so conflicting policies..

How to crash like that.. :(
hyenergix
07-09-12, 06:37
So MND wants prices to go higher or lower?
How come give so conflicting policies..

How to crash like that.. :(

“85% of Singaporeans are living in HDB flats and we intend to keep the values of these homes up. It will never go down,” said MM Lee.

http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20110320-269085.html
DC33_2008
07-09-12, 09:51
This is probably the pilot site to test the market again. Not sure if developer will bite.
focus
07-09-12, 11:29
“85% of Singaporeans are living in HDB flats and we intend to keep the values of these homes up. It will never go down,” said MM Lee.

http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20110320-269085.html

He's not the current policy maker. I want quote from PM Lee and MND Khaw! :)
kale
07-09-12, 18:37
Maybe the new BTO system for single to buy will also come in 60 yr LH, if implemented, so as to start the mass brainwashing .......