Originally Posted by
danntbt
.......proximity to mRT is something that not everyone's priority, there are people who do not take mRT at all btw.....fine line betw FH and 99yrs blurred in recent years as en bloc makes them similar as which development will be preserved forever? FH and 99 are torn down and rebuilt all over the island. If you look at the plot ratio, in comparison with HDBs,many development still have possibility to be revised upward maybe 30 years down the road...99 yrs no value? Look at Sherwood Towers, mentality 5-10years ago was that its past 20yrs, so no value, but now....? Its hitting near 1mil...for something you could have had for about 300-400K just less than a decade ago....go look for those who bought even 5 years ago....and see who is laughing...
Property cycle over the years are often affected by economic cycles and policy changes......you can never be sure how these elements come into play.
So...why people buy into it? Its a lifestyle choice for those who buy to stay.....its a matter of would you rather stay in an aging development vs brand new one....would you rather enjoy the facilities or worry about the paper value of where you are staying.....its a choice....