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Oh at last, I have been pondering over this Q for quite sometime!

(12-02-2014, 04:25 PM)kbl Wrote: [ -> ]http://therealsingapore.com/content/khaw...year-lease

(12-02-2014, 04:48 PM)etan Wrote: [ -> ]Oh at last, I have been pondering over this Q for quite sometime!

(12-02-2014, 04:25 PM)kbl Wrote: [ -> ]http://therealsingapore.com/content/khaw...year-lease

I thought the answer is abvious since the building will be fully depreciated by then and the value of the lease goes to zero. The same goes for private properties with 99 year lease.

(12-02-2014, 04:59 PM)Tiggerbee Wrote: [ -> ]

(12-02-2014, 04:48 PM)etan Wrote: [ -> ]Oh at last, I have been pondering over this Q for quite sometime!

(12-02-2014, 04:25 PM)kbl Wrote: [ -> ]http://therealsingapore.com/content/khaw...year-lease

I thought the answer is abvious since the building will be fully depreciated by then and the value of the lease goes to zero. The same goes for private properties with 99 year lease.

worst than a scrap car.

(12-02-2014, 05:02 PM)kbl Wrote: [ -> ]

(12-02-2014, 04:59 PM)Tiggerbee Wrote: [ -> ]

(12-02-2014, 04:48 PM)etan Wrote: [ -> ]Oh at last, I have been pondering over this Q for quite sometime!

(12-02-2014, 04:25 PM)kbl Wrote: [ -> ]http://therealsingapore.com/content/khaw...year-lease

I thought the answer is abvious since the building will be fully depreciated by then and the value of the lease goes to zero. The same goes for private properties with 99 year lease.

worst than a scrap car.

The only value that the lease hold property have is the pre-emptive right of the en bloc buyer to top up the lease, especially so if the location is prime.

so the new dream of singaporeans will be to own a property with 999 year lease or freehold!

(12-02-2014, 05:02 PM)kbl Wrote: [ -> ]

(12-02-2014, 04:59 PM)Tiggerbee Wrote: [ -> ]

(12-02-2014, 04:48 PM)etan Wrote: [ -> ]Oh at last, I have been pondering over this Q for quite sometime!

(12-02-2014, 04:25 PM)kbl Wrote: [ -> ]http://therealsingapore.com/content/khaw...year-lease

I thought the answer is abvious since the building will be fully depreciated by then and the value of the lease goes to zero. The same goes for private properties with 99 year lease.

Quote:worst than a scrap car.

Yes! Can be worst than a scrap car. That's why if you can't cash in on your HDB flat, sometimes, it may be better to rent. A lease of 99 years means you are renting for 99 years paying "upfront". Especially if you don't intend to have any legacy. But then can you rent from our G? It is reserved for very special cases only.

Khaw confirmed what many people already knew. But it is still good to hear it from the government.

Since most Singaporeans live in HDB, then it is safe to say that our house ownership is one of the lowest in the world, not the highest. A tenant is still a tenant, regardless the length of the tenancy. At most, he is only transferring the tenancy from himself to someone else when he sells or "gives" the HDB flat as a 'gift'. Technically not a gift since the HDB apartment is not his. It is the property of the government, owned through HDB or SLA.

Flats built in the 80s has GPR 1+. Now flats have 2.8 to 3.5 (if near to MRT).
Take back 1, then built 3 more. Likely to SERS.

Punggol/Sengkang flats less chance for SERS when they already GPR 2 to 2.8x. Unless HDB follow HK, GPR 6-8x. Then those mature estates lagi SERS-able.

I rather stay in old, big resale flat than Punggol/Sengkang new flats.

well that's about 1% depreciation per year, if the HDB is worth 400k that's about 4k gone a year in value?