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Thread: Leasehold near MRT or freehold far from MRT..wats ur choice?

  1. #1
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    Default Leasehold near MRT or freehold far from MRT..wats ur choice?

    Been doing the groundwork for a suitable/safe form of property investment (apt/condo)which i might venture in the next 6 to 9 mths when $$$ is right...my main areas of concern being a prudent investor...are...

    1)rental potential
    2) capital appreciation as well as being able to hold value during downturn
    3) Liveability in case i need to stay there
    4) peace/quiet enviroment

    for the sake of argument and clarity maybe i just highlight 2 similarly priced condos with VERY different attributes...

    1) Astoria park...NEXT to kembangan MRT..99 yr leasehold
    2) Changi court..FREEHOLD...next to upcoming upperchangi mrt/4th uni..

    current pricing for 2 bedder at both places about 900k to 1million...

    i WOULD be comfortable going in at 800k(next year?)...hope thats realistic

    i find it very difficult to choose one over another...my 2 thoughts...

    1)Astoria Park...cant go wrong next to east/west mrt line(always be in demand),kemabangan area quite nice surrounded by private property,i know got to be careful in unit selection cos some units can be noisy facing track,a bit concerned about big open field next to mrt..wats coming up there another condo??....being a 99 year property i dont know how much more it can appreciate??

    2) Changi court....looks more like dormitories than condo.....TREMENDOUS potential if no screw ups with 4th uni and MRT(given spore track record should be no issue)....ENBLOC potential...maybe...rentability for next few years doesnt look promising till uni/mrt comes up...FREEHOLD...that is the MAGIC word....

    so since we all here to TCSS let me hear ur views.....

  2. #2
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    Rental - go for want your target tenants want (pool/view/MRT/malls/etc)
    Used to only consider FH/999, but now open to good location/MRT/layout/view/rentability for investment that are 99LH.
    For own stay - sounds like you have answered your own question...FH with peace/quiet

    Quote Originally Posted by radha08
    Been doing the groundwork for a suitable/safe form of property investment (apt/condo)which i might venture in the next 6 to 9 mths when $$$ is right...my main areas of concern being a prudent investor...are...

    1)rental potential
    2) capital appreciation as well as being able to hold value during downturn
    3) Liveability in case i need to stay there
    4) peace/quiet enviroment

    for the sake of argument and clarity maybe i just highlight 2 similarly priced condos with VERY different attributes...

    1) Astoria park...NEXT to kembangan MRT..99 yr leasehold
    2) Changi court..FREEHOLD...next to upcoming upperchangi mrt/4th uni..

    current pricing for 2 bedder at both places about 900k to 1million...

    i WOULD be comfortable going in at 800k(next year?)...hope thats realistic

    i find it very difficult to choose one over another...my 2 thoughts...

    1)Astoria Park...cant go wrong next to east/west mrt line(always be in demand),kemabangan area quite nice surrounded by private property,i know got to be careful in unit selection cos some units can be noisy facing track,a bit concerned about big open field next to mrt..wats coming up there another condo??....being a 99 year property i dont know how much more it can appreciate??

    2) Changi court....looks more like dormitories than condo.....TREMENDOUS potential if no screw ups with 4th uni and MRT(given spore track record should be no issue)....ENBLOC potential...maybe...rentability for next few years doesnt look promising till uni/mrt comes up...FREEHOLD...that is the MAGIC word....

    so since we all here to TCSS let me hear ur views.....

  3. #3
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    Astoria Park: 99 yr, TOP 1995. It is almost 20yr lease gone. . Perhaps you can consider a 99yr ppty near mrt but less than 10yr or so?

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    how about compare the Arte and the coming Bedok MRT condo?
    which is better buy for capital gains and rental yield?

  5. #5
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    Bedok should be better than the Arte as there is no mrt stn and got non-stop noise from the PIE.
    Quote Originally Posted by hopeful
    how about compare the Arte and the coming Bedok MRT condo?
    which is better buy for capital gains and rental yield?

  6. #6
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    Quote Originally Posted by DC33_2008
    Bedok should be better than the Arte as there is no mrt stn and got non-stop noise from the PIE.
    if the Arte selling for 1200psf and the bedok MRT condo selling for 1400psf, tough choice to make.

  7. #7
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    Cannot compare as they will be of different size.
    Quote Originally Posted by hopeful
    if the Arte selling for 1200psf and the bedok MRT condo selling for 1400psf, tough choice to make.

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    If price didnt drop by next 12mth, then no need to discuss...
    There are hordes of potential buyer ....
    Going to be a long wait

  9. #9
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    Long term - Freehold. Ok I will only consider FH if I plan to stay in.

  10. #10
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    Default astoria park

    2 bedder 958ft astoria park was transacted not more than 500k at years 2006....

  11. #11
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    Quote Originally Posted by marktkt22
    If price didnt drop by next 12mth, then no need to discuss...
    There are hordes of potential buyer ....
    Going to be a long wait
    yup i am one of them...

  12. #12
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    New launches still overly priced. The shop units at the new suites at bukit timah (mixed development) beside beauty world mrt selling for $4500psf, really ridiculous imo. I think the mickey mouse residential units for the project asking for close to $2000psf

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    Quote Originally Posted by whoh757
    Astoria Park: 99 yr, TOP 1995. It is almost 20yr lease gone. . Perhaps you can consider a 99yr ppty near mrt but less than 10yr or so?
    Agree with you, whoh757 .
    I won't buy Astoria because of it is an old 99yLH.
    radha08, what about kembangan plaza?
    It is freehold but the units seem to be facing the MRT line, so it can be pretty noisy.

    Saw some advert on it.
    http://www.propertyguru.com.sg/proje...gan-plaza-2082

  14. #14
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    Quote Originally Posted by buttercarp
    Agree with you, whoh757 .
    I won't buy Astoria because of it is an old 99yLH.
    radha08, what about kembangan plaza?
    It is freehold but the units seem to be facing the MRT line, so it can be pretty noisy.

    Saw some advert on it.
    http://www.propertyguru.com.sg/proje...gan-plaza-2082
    hmm thats why i love this forum... ....many many pairs of eyes... i was so focussed on astoria park cos i see it from the train that i failed to look elsewhere..kemb plaza thats a thought..no facilities...but hey its FH...so whats more imp a big hole with water(pool)...or land that is forever ever yours...ha ha...anyways by next week i am moving in around that area so will...personally sniff out the area...

  15. #15
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    You can also try telok kurau lorong g, 5 min to kembangan mrt and also better district number.
    Quote Originally Posted by radha08
    hmm thats why i love this forum... ....many many pairs of eyes... i was so focussed on astoria park cos i see it from the train that i failed to look elsewhere..kemb plaza thats a thought..no facilities...but hey its FH...so whats more imp a big hole with water(pool)...or land that is forever ever yours...ha ha...anyways by next week i am moving in around that area so will...personally sniff out the area...

  16. #16
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    Quote Originally Posted by radha08
    hmm thats why i love this forum... ....many many pairs of eyes... i was so focussed on astoria park cos i see it from the train that i failed to look elsewhere..kemb plaza thats a thought..no facilities...but hey its FH...so whats more imp a big hole with water(pool)...or land that is forever ever yours...ha ha...anyways by next week i am moving in around that area so will...personally sniff out the area...
    The MRT track is seriously noisy.

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    Quote Originally Posted by chiaberry
    The MRT track is seriously noisy.
    yup i realised that few weeks ago when i was scouting around for rental property i was looking at some houses at bedok terrace this is quite far off from tanah merah mrt seperated by quite a dense jungle growth but suprisingly could still hear the rumbling of the trains......thats why sometimes i feel underground stations still the best....

  18. #18
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    Quote Originally Posted by Regulators
    You can also try telok kurau lorong g, 5 min to kembangan mrt and also better district number.
    yup telok kurau is nice but some of the older apts there got quite a number of scantily dressed mei meis living there.......actually quite pleasing to the eyes when the wifes not around...

  19. #19
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    Quote Originally Posted by hopeful
    if the Arte selling for 1200psf and the bedok MRT condo selling for 1400psf, tough choice to make.
    this is easy, bedok mrt if u have the $$$

  20. #20
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    Quote Originally Posted by Allthepies
    this is easy, bedok mrt if u have the $$$
    Too far apart, basis for comparison less, should say between arte and the new Bishan project which should one pick.

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    Quote Originally Posted by Allthepies
    this is easy, bedok mrt if u have the $$$
    hmm seriously worth considering...

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    Quote Originally Posted by radha08
    yup telok kurau is nice but some of the older apts there got quite a number of scantily dressed mei meis living there.......actually quite pleasing to the eyes when the wifes not around...

    Got mei mei meh? which lorong ar?

    I agree Lorong G and also H, these two Lorongs are actually very good location, in terms of proximity to MRT.
    Lorong G also has the advantage of 3 exit points, so it is not so 'cluttered' feeling.

    Imho, the rest of Lorongs are abit too far from MRT and probably more suited if driving...

    So, when considering T Kurau, be aware.

  23. #23
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    Quote Originally Posted by TKT
    Got mei mei meh? which lorong ar?

    I agree Lorong G and also H, these two Lorongs are actually very good location, in terms of proximity to MRT.
    Lorong G also has the advantage of 3 exit points, so it is not so 'cluttered' feeling.

    Imho, the rest of Lorongs are abit too far from MRT and probably more suited if driving...

    So, when considering T Kurau, be aware.
    i believe lor M,N commands highest psf in TK rather den G,H

  24. #24
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    Quote Originally Posted by devilplate
    i believe lor M,N commands highest psf in TK rather den G,H
    ya, wait for The Seawind
    the townhouses are calling for >$4m
    and psf is around $1500

  25. #25
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    Quote Originally Posted by devilplate
    i believe lor M,N commands highest psf in TK rather den G,H

    bro,
    if driving Lorong M,N, etc all ok lar... but pls refer to TS, proximity to MRT was the discussion issue here...

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    Quote Originally Posted by TKT
    bro,
    if driving Lorong M,N, etc all ok lar... but pls refer to TS, proximity to MRT was the discussion issue here...
    Regardless got drive anot, i wud avoid lor j,k,l....actually m also not so gd....

    But agree lor g bestest bcoz got 3exits

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    Quote Originally Posted by devilplate
    Regardless got drive anot, i wud avoid lor j,k,l....actually m also not so gd....

    But agree lor g bestest bcoz got 3exits
    bro looks like u king of the lorongs...

  28. #28
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    Quote Originally Posted by radha08
    bro looks like u king of the lorongs...

    Geylang okt is 2nd to none ok!

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    How about regency lodge going for 12xxpsf? Fh, river valley

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    Quote Originally Posted by devilplate
    How about regency lodge going for 12xxpsf? Fh, river valley
    i am an east person....now a bit sidetracked by the bedok residences thread.... ...if can get 3 bedder 1 to 1.1k psf i might bite..

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