99 years leasehold Landed property

[samsara]

It is not about FEO being dumb or smart. The amendments to the Land Titles (Strata) Act were made quite recently, in Dec 2005. Urban renewal directions can result in adjustments in regulations and statutes. This is something which even FEO cannot avoid.

FEO is not tt dumb. It must have been v sure tt it has an iron grip on e FH land. If not it would have sold it as FH n not 99LH which will lower e price n appeal.

[hyenergix]

It is not about FEO being dumb or smart. The amendments to the Land Titles (Strata) Act were made quite recently, in Dec 2005. Urban renewal directions can result in adjustments in regulations and statutes. This is something which even FEO cannot avoid.

I believe those properties were launched after 2005. E.g. The Shore Residences in 2009.

http://flathopper.wordpress.com/tag/...ld-conversion/

http://www.h88.com.sg/article/The+Sh...to+Amber+Road/

[Geylang OKT]

It is not about FEO being dumb or smart. The amendments to the Land Titles (Strata) Act were made quite recently, in Dec 2005. Urban renewal directions can result in adjustments in regulations and statutes. This is something which even FEO cannot avoid.

Samsara or संसार, is the "cycle of birth, life, death, rebirth or reincarnation"..... you must either be an indian or a buddhist

[samsara]

Yes, they were launched after 2005. The point that I was trying to put across is there is a possibility that the government may make changes to the the Land Titles (Strata) Act to cover even those 99LH carved out of FH titles.

Disclaimer: I am not vested in any of the 99LH carved out of FH titles projects.

I believe those properties were launched after 2005. E.g. The Shore Residences in 2009.

http://flathopper.wordpress.com/tag/...ld-conversion/

http://www.h88.com.sg/article/The+Sh...to+Amber+Road/

[samsara]

I am chinese, born and bred in SG, not a Buddhist either.

What is interesting about Samsara is that it is a cycle, a circle with no beginning and no end. Yet there are countless beginnings and endings within. We are limited by our awareness in our present forms and perceive only what our limited awareness allows us to see.

Samsara or संसार, is the "cycle of birth, life, death, rebirth or reincarnation"..... you must either be an indian or a buddhist

[phantom_opera]

I am chinese, born and bred in SG, not a Buddhist either.

What is interesting about Samsara is that it is a cycle, a circle with no beginning and no end. Yet there are countless beginnings and endings within. We are limited by our awareness in our present forms and perceive only what our limited awareness allows us to see.

You are better than most Buddhists

[Geylang OKT]

or nee tau fu

[proud owner]

Yes, they were launched after 2005. The point that I was trying to put across is there is a possibility that the government may make changes to the the Land Titles (Strata) Act to cover even those 99LH carved out of FH titles.

Disclaimer: I am not vested in any of the 99LH carved out of FH titles projects.

maybe the Act applies only to LH carved out of 999 LH land?

dont think it applies to FH land

[kane]

cluster landed even cheaper. Since going to stay in a landed might as well enjoy some facilities?

I heard Cabana around 1.4M and Greenwood around 1.8M...

Cabana is $2m. Whichever agent told you $1.4m is trying to con you for your contacts. Heh.

[Geylang OKT]

screw the evil bugger!

[radha08]

what about kew area is that worth considering...with upcoming erl..

[lajia]

Cluster house could be an alternative depending on your lifestyle. it dont give you those large master bed room but at least the rooms are larger than those you can find in condo. furthermore, because foreigner cannot easily buy which means the price is not sky high as compared to LH condo. LH condo 1100+ sqft could easily be 1mil or a 1500+ can be in range of 1.6mil. either the price of condo would fall, or simply the gap between landed (be it cluster house or terrace) would raise...

buy for own staying is a good investment as well.

just my opinion.

so have you found yours...

[int3l]

hmm. anyone knows if 99lh at sembawang beach there is worth buying? they are generally new and have good features like lifts that I require. will the price go up much in the future or it will just remain or even depreciate due to its 99lh?

[Blue]

hmm. anyone knows if 99lh at sembawang beach there is worth buying? they are generally new and have good features like lifts that I require. will the price go up much in the future or it will just remain or even depreciate due to its 99lh?

Why buy 99LH when you can get freehold at the same or slightly higher price? Why give other potential buyers the reason to reject buying your hse in future?

Trying looking around say near sembawang shopping centre, where you can find freehold nice ones at similar price!

[realestates1]

Thanks for this information.

[danieltangtc]

hmm. anyone knows if 99lh at sembawang beach there is worth buying? they are generally new and have good features like lifts that I require. will the price go up much in the future or it will just remain or even depreciate due to its 99lh?

I reckon if you were to buy the FH house at sembawang beach, eg andrews ave, jln janggus, jln machang, 1000-1110 sembawang road etc.

Then add construction cost of $250psf. add your own lift and pool. You still save money.

Having said that, shoreline residence is really nice can copy their ID

[danieltangtc]

hmm. anyone knows if 99lh at sembawang beach there is worth buying? they are generally new and have good features like lifts that I require. will the price go up much in the future or it will just remain or even depreciate due to its 99lh?

I reckon if you were to buy the FH house at sembawang beach, eg andrews ave, jln janggus, jln machang, 1000-1110 sembawang road etc.

Then add construction cost of $250psf. add your own lift and pool. You still save money.

Having said that, shoreline residence is really nice can copy their ID

[DC33_2008]

This place sounds like very far from city. Can be a weekend home?

I reckon if you were to buy the FH house at sembawang beach, eg andrews ave, jln janggus, jln machang, 1000-1110 sembawang road etc.

Then add construction cost of $250psf. add your own lift and pool. You still save money.

Having said that, shoreline residence is really nice can copy their ID

[buttercarp]

This place sounds like very far from city. Can be a weekend home?

Expensive weekend home!
So ulu, no car can forget it.
Inconvenient if you have grown up kids who use bus to get around.

[Blue]

If want weekend home cheap cheap, might as well buy Iskandar.

[lajia]

Dense City can be Green (in today's paper)...which means, high rise is the way to go. Therefore, be it LH or FH, landed is the way to go

[DC33_2008]

IMO, landed property has tied be FHA. Otherwise, not worth owning one.

Dense City can be Green (in today's paper)...which means, high rise is the way to go. Therefore, be it LH or FH, landed is the way to go

[lajia]

IMO, landed property has tied be FHA. Otherwise, not worth owning one.

Pardon me, what FHA?

[DC33_2008]

Mia-type: I meant landed has to be FH.

Pardon me, what FHA?

[lajia]

Mia-type: I meant landed has to be FH.

What's the rationale?

[hyenergix]

IMO, landed property has tied be FHA. Otherwise, not worth owning one.

99LH landed sounds like a truly bad idea. I would rather get a FH condo for the same price.

[lajia]

Extracted for your reading...

"Leasehold landed properties may also be a better option if you are looking to lease the property out for rental income, as the tenure of the property does not matter to the tenant. You may also consider the purchase of a leasehold landed property to enjoy specific attributes of the property, for example, individual character, design of the house, immediate environment, local amenities and so forth.

However, one should be aware that, when the tenure of a leasehold property dips below 30 years, it may be difficult to sell the property, as prospective buyers are not able to secure a bank loan. According to the Central Provident Fund Board, buyers are not allowed to withdraw from their CPF when the tenure is less than 30 years.

In a perfect world, everybody would prefer to buy a freehold property for the better price performance, perpetual ownership and the better wealth preservation factors. But in the real world, we are faced with other factors or challenges, such as budget constraints, the availability or supply, individual needs, investment objectives, and so forth, so that a leasehold landed property may be a more suitable purchase."

If your LH is less than 30 yrs old for eg....there shouldn't be much concern and if you are buying new one, I myself don't expect to stay in it for 30 yrs...

[DC33_2008]

Rental yield of landed is much lower. Landed is for own stay while condos are for rental income.

Extracted for your reading...

"Leasehold landed properties may also be a better option if you are looking to lease the property out for rental income, as the tenure of the property does not matter to the tenant. You may also consider the purchase of a leasehold landed property to enjoy specific attributes of the property, for example, individual character, design of the house, immediate environment, local amenities and so forth.

However, one should be aware that, when the tenure of a leasehold property dips below 30 years, it may be difficult to sell the property, as prospective buyers are not able to secure a bank loan. According to the Central Provident Fund Board, buyers are not allowed to withdraw from their CPF when the tenure is less than 30 years.

In a perfect world, everybody would prefer to buy a freehold property for the better price performance, perpetual ownership and the better wealth preservation factors. But in the real world, we are faced with other factors or challenges, such as budget constraints, the availability or supply, individual needs, investment objectives, and so forth, so that a leasehold landed property may be a more suitable purchase."

If your LH is less than 30 yrs old for eg....there shouldn't be much concern and if you are buying new one, I myself don't expect to stay in it for 30 yrs...

[lajia]

Rental yield of landed is much lower. Landed is for own stay while condos are for rental income.

I agree.... the report is not written by me