Originally Posted by
Analyst too
IMHO, best to avoid the old 99LH property there, because they don't fetch good prices in Bukit Timah area and depreciate rapidly, unless you're going for enbloc speculation. With the latest animosity and hooligan behaviour in some 99LH East Coast enblocs (car and house being vandalised) and tendency to under-maintain the condo, it's best to avoid these old 99LH places if you're going to stay there. Also, with the govt's green initiatives, it's not surprising if enbloc is going to get more difficult in the future, i.e. less wastage from tearing down of buildings and promotion of refurbishment and upgrades of the original buildings. Buildings are likely to be left standing for much longer periods, which means those staying in 99LH will have to pay for significat lease topups for another 99 years. It's quite forseeable.