Originally Posted by
teddybear
minority,
As usual, more nonsense and bullshit and lies about financial investment from you, a PROVEN FINANCIAL IDIOT, who claimed CPF Life has "BETROTH" and that CPF Life buys insurance from insurance company.......
So, what more except BULLSHIT and LIES can we expect from you??????????
Again, better to show what BUNCH of LIES and BULLSHIT you are sprouting with numbers (otherwise people may think I am making empty talk):
You claimed: "The 175-unit estate, known as Raintree Gardens, was launched for collective sale in September. The purchase price roughly works out to about S$1.89 million per unit."
Wow! Looks great, until we dived deeper into the details!
"The 201,405 sq ft plot, next to Kallang River and near Potong Pasir MRT station, has just over 70 years of lease left. It is zoned for residential use with a 2.8 plot ratio."
"UVD is looking to develop the 201,405 sq ft site to house about 750 units. Overall, it is paying about $797 per sq ft per plot ratio (psf ppr), including the premium paid to top up the lease to a fresh 99 years and for redevelopment of the site to a gross plot ratio of 2.8."
So, total costs of buying the Raintree Gardens land and topping up to 99-years land lease = S$797 * 201405 * 2.8 = S$449.45 Millions!
Now, we know that the 175 owners of Raintree Gardens were only paid a total of $334.2 million!
That means, if Raintree Gardens is a FH property instead of 99-years LH property with only 70 years land lease left, the owners will get additional = $449.45M - $334.2M = $115.25 Millions!
In other words, if Raintree Gardens is a FH property instead of 99-years LH property with only 70 years land lease left, the owners would have gotten average S$2.57 MILLIONS (instead of just S$1.90 Million)!
In other words, if Raintree Gardens is a FH property instead of 99-years LH property with only 70 years land lease left, the owners would have gotten about +34.48% (or +S$670k) MORE!
Wow! FACTs show that: Like that I better buy FH and get paid $2.57M or +34.48% MORE for enbloc than just $1.90M !
minority,
The above FACT just shows that 99-years LH property will keep dropping in value as their lease runs down to 0!!!
Raintree Gardens owners are lucky! They managed to sell NOW before the value of their property fall more as their land lease runs down! And the price fall will just accelerate the closer the land lease is to 99-years deadline!
minority,
FACT! Please talk FACT! Don't just BULLSHIT and LIE whatever way you LIKE!