Is it worthwhile to buy a 99 years leasehold landed property in Singapore?

Рет қаралды 6,671

Күн бұрын

Is it worthwhile to buy a 99 years leasehold landed property in Singapore?
In this video, we will discuss:
1. The price trend and performance of 5 case studies of 99 years leasehold landed clusters in Singapore.
2. They are Corporation Walk, Kew Crescent, Holland Grove View, Fuyong Estate and Victoria Park Ville.
3. We will also look at the overview of all 99 years leasehold landed property in Singapore.
4. Lastly, I will share with you my finding if they are worthwhile to buy.
wa.me/+6592973150
Alan Wee l #AlanWeeProperty
(65) 9297 3150 I CEA Reg No. R024730A
www.AlanWeeProperty.com (Resale)
www.AlanWee.com (New Homes)
FB: AlanWeeProperty

Пікірлер: 27

@franciscody9622 Жыл бұрын

The value of leasehold landed property is in the built up space because most are built to the maximum allowable built up area. Therefore they should be compared to other leasehold properties like HDB and leasehold condo. If HDB can sell at between $1000 and $1100 per square ft leasehold landed property should be worth at least about the same. Why? Because the land is included.

@cybergod77 10 ай бұрын

What blew my mind was the Fuyong example. What's the motivation to buy a original condition property with 24yrs remaining lease? for a complete rebuild, it'll take 3yrs, Thereafter to flip? what's the upside? Can buyer at point of resale be allowed to use CPF & bank financing given the short remaining lease of 21yrs?

@alanweeproperty 10 ай бұрын

When land cost is cheap. I think some really did that. Becos they want a place of their own. Usually cash Rich kind. But at today prices point. Quite hard to swallow. But then again. Some are willing to do it.

@kens4871 Ай бұрын

If Nim residences can sell at profit, how about pollen collection? Seems the developers starts to increase the prices on new 99LH houses like pollen. We all know land is scarce and with new launched landed, is this worth considering? Thanks

@alanweeproperty Ай бұрын

They don't pay commission to agents so I can't think properly 😆😆😆..maybe u ask the agents on duty. They might advise u better...

@the50dollarsman Жыл бұрын

When I look at the price trend of 99yrs lease condo, it doesn't make sense for the price of 99yrs lease landed to remain same or drop. It should follow closely to the price trend of leasehold condo too.

@alanweeproperty Жыл бұрын

I agree with u..but maybe it cannot go enbloc n land will have to return to the state...that the main reason. But convid has accelerate it's pace anyway.

@pinkublacku Жыл бұрын

99 Lh condo is more attractive to developers. They could top up for lease to start again. And develop to sell.

@csh4592570 Жыл бұрын

Thank you, Alan I have some questions. 1. What is the reason why the old leasehold housing price is going to be high?

@alanweeproperty Жыл бұрын

u mean leasehold landed?

@csh4592570 11 ай бұрын

I meant leasehold housing, whose building belongs to a private owner and land belongs to HDB.

@alanweeproperty 11 ай бұрын

@@csh4592570 do u want to share with me a property which is like that?

@csh4592570 11 ай бұрын

Thanks, Alan I want to know about old HDB's housing as a Korean learning about HDB housing. Generally speaking, old apartments in Korea are not expensive, but if they are facing reconstruction, the price is high. Therefore, if HDB housing is in a similar situation, the price of old HDB housing would be high. Right?

@alanweeproperty 11 ай бұрын

@@csh4592570 old hdb flats has a lower lease. It will be return to the state upon 0 year left. So prices will not go up unless there are reconstruction plans. But hdb is very secretive to even reveal anything.

@csh4592570 Жыл бұрын

2. Should housing owners of 99-year leasehold housing return the land to the government? Are there any cases of that?

@alanweeproperty Жыл бұрын

i am not the Govt....but the law stated very clearly. its on 99 years lease...aka please vacant back upon zero year left. kallang bharu hdb landed is one of them. there is already cases. so Govt will cfm take back. same as u lend money to your friend. u sure take back after the agreed deadline right?

@pinkublacku Жыл бұрын

Geylang and tanah Merah. Lots of them coming to end of lease. You can see the tanah Merah 99LH ones, worth only few hundred k once there is only 30 years lease left. Maybe towkays don't mind to buy and let their workers live in like a tenament.😊

@alanweeproperty Жыл бұрын

@@pinkublacku which project bal 30 years? can share with me?

@pinkublacku Жыл бұрын

@@alanweeproperty landed properties I meant. Someone mentioned landed 99LH. I was commenting about landed. Don't know about condo

@alanweeproperty Жыл бұрын

@@pinkublacku there are a few pockets of landed property around Singapore with less than 30 years of lease....the title state very clearly. it's on XX years leasehold....aka return the land back to the state after lease expiry. the state will not allow owners to top up lease back to full 99 years! if they allow. then what about hdb owners, factory owners, etc...never ending. then workfare, pioneer card benefits, etc...all will have to take from higher property tax, higher ABSD, etc...

@chaz4609 Жыл бұрын

Jai Hinduja. Bala had the right valuation idea on 99 years properties. But some buyers are not buying into Bala idea now because there were no enbloc sales during his colonial says.

@alanweeproperty Жыл бұрын

What is bala?

@tanpingyi4771 Жыл бұрын

@@alanweeproperty bala's curve for leasehold property valuations

@alanweeproperty Жыл бұрын

@@tanpingyi4771 u mean SLA leasehold table? are they the same?