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Thread: Bedok Semi-D, 3315sqft S$600k ONLY!!!

  1. #1
    Join Date
    Apr 2010
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    2,067

    Default Bedok Semi-D, 3315sqft S$600k ONLY!!!

    LOL, left with 22 years, S$33k/yr straight line depreciation to S$0

    Contract
    Date Project Name District Planning Area Tenure Property
    Type Area
    (sq ft) Price
    ($psf) Price
    ($)
    2012-11-26 N.A. 16 Bedok 70 Yrs FROM 1964Semi-Detached House 3,315 181 600,000

  2. #2
    Join Date
    Dec 2011
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    1,763

    Default

    Quote Originally Posted by leesg123
    LOL, left with 22 years, S$33k/yr straight line depreciation to S$0

    Contract
    Date Project Name District Planning Area Tenure Property
    Type Area
    (sq ft) Price
    ($psf) Price
    ($)
    2012-11-26 N.A. 16 Bedok 70 Yrs FROM 1964Semi-Detached House 3,315 181 600,000
    Convert into 6 bedroom suite and charge $850 per month = $5.100 per month. Annual gross = $61.200
    In 22 years = $1.346.400
    If location strategic rent the room to tourist $150 per night lagi better

  3. #3
    Join Date
    Apr 2010
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    2,067

    Default

    Quote Originally Posted by indomie
    Convert into 6 bedroom suite and charge $850 per month = $5.100 per month. Annual gross = $61.200
    In 22 years = $1.346.400
    If location strategic rent the room to tourist $150 per night lagi better
    yeah, i guess thats why still got people buy.

  4. #4
    Join Date
    Jul 2011
    Location
    Earth
    Posts
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    Default

    Quote Originally Posted by leesg123
    yeah, i guess thats why still got people buy.
    Good for those who need a place to house their workers?

  5. #5
    Join Date
    Mar 2009
    Posts
    213

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    Quote Originally Posted by buttercarp
    Good for those who need a place to house their workers?
    Excellent for smrt bus drivers! Juz kidding.
    Most of the houses there are very rundown and at one stage, that area was full of foreign workers.

  6. #6
    Join Date
    Jun 2011
    Posts
    6,134

    Default

    Quote Originally Posted by indomie
    Convert into 6 bedroom suite and charge $850 per month = $5.100 per month. Annual gross = $61.200
    In 22 years = $1.346.400
    If location strategic rent the room to tourist $150 per night lagi better
    just pray roof doesnt drop...
    In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...

  7. #7
    Join Date
    Oct 2012
    Posts
    56

    Default

    Just curious. What will happen after 22 years? The owner get zero $ or at least something after that?

  8. #8
    Join Date
    Jun 2009
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    1,376

    Default

    Quote Originally Posted by Reuben
    Just curious. What will happen after 22 years? The owner get zero $ or at least something after that?
    Yah lor...just like when any lease is over, you have to move out without any compensation. What's worse is that 'Landlord' can ask you to reinstate land back to original condition which means you may have to pay for demolition/clearing cost . However, this has not been proven yet as no leasehold property has come of age yet.

  9. #9
    Join Date
    Apr 2012
    Posts
    1,295

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    Scrape rebate....what happen when your COE expire...
    Quote Originally Posted by Reuben
    Just curious. What will happen after 22 years? The owner get zero $ or at least something after that?

  10. #10
    Join Date
    Jul 2009
    Posts
    214

    Default

    Quote Originally Posted by Reuben
    Just curious. What will happen after 22 years? The owner get zero $ or at least something after that?
    Reason why shouldn't touch leasehold landed

    But understand if the land is of certain large size, there is option to top up lease.

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