Originally Posted by
trump
ah you re talking your book.. it is not the longevity of 99 yr lease which bothers me but the time decay of its value.
if it is FH i wld close eyes and buy Keppel Bay. just look at the old glories 99yr projects like Bayshore Park, The Bayshore, Mandarin Gardens.. selling for half the price of its FH neighbours while new 99yr ones are only 20% discount from FH. Once it passes 10 yrs on the lease the value drops dramatically.I know cos my prev condo was a 99yr and i had a tough time selling when the land reached 10 yrs.
I guess for prime 99yr, en bloc is a possibility like Horizon Towers, Grangeford, Farrer Ct, Pine Grove, etc. but outside prime, en-bloc is virtually unheard of.
in China and London where all properties are Leasehold it doesnt matter but in a dual tenure mkt like Singapore it matters a lot.
in financial speak, FH is like a perpetual. leasehold is like a bond with a call back feature.
if you bought Reflections congrats i'm sure u can make money. if you bought caribbean you shld be ok if you sell before it reaches 10 yr old. anyway that is an excellent location!