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

[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

[indomie]

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

[leesg123]

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.

[buttercarp]

yeah, i guess thats why still got people buy.

Good for those who need a place to house their workers?

[moneytalk]

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.

[radha08]

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...

[Reuben]

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

[proper-t]

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.

[lajia]

Scrape rebate....what happen when your COE expire...

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

[hovivi]

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.