Does it make sense to commit a 99-years lease private condo?

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Ikid
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Re: Does it make sense to commit a 99-years lease private co

Post by Ikid » Fri Sep 02, 2016 3:29 pm

i3mum wrote:Hi all,

I needed some advice. I would like to check if it is worth buying a condo 15-20 years old? Will the condo price depreciate over time? And do condo get enbloc too?
Location good? Condition good?
Is the condo currently occupied by the original first owner ?
Purchase for rental? Purchase for own stay?

i3mum
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Re: Does it make sense to commit a 99-years lease private co

Post by i3mum » Fri Sep 02, 2016 3:35 pm

Hi IKid

Location is at Dover and near a good school. Hmm not too sure about condition and not sure if occupied by first owner as have not really look at the units.

It is purchased for own stay. I m worried that over the years, the value will depreciate and hard to sell off. Is it true I will get zero compensation (nothing at all) if the 99 lease is over and not being enbloc?

Ikid wrote:
i3mum wrote:Hi all,

I needed some advice. I would like to check if it is worth buying a condo 15-20 years old? Will the condo price depreciate over time? And do condo get enbloc too?
Location good? Condition good?
Is the condo currently occupied by the original first owner ?
Purchase for rental? Purchase for own stay?

starlight1968sg
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Re: Does it make sense to commit a 99-years lease private co

Post by starlight1968sg » Mon Sep 05, 2016 6:52 am

Hdbs are also 99 years.
I think the current housing market is weak which means it is buyers or tenants at an upper hand.

floppy
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Re: Does it make sense to commit a 99-years lease private co

Post by floppy » Mon Sep 05, 2016 1:44 pm

starlight1968sg wrote:Hdbs are also 99 years.
I think the current housing market is weak which means it is buyers or tenants at an upper hand.
Upper hand?
Tenants - yes.
Buyers - unlikely, unless the seller is desperate to sell.
The housing market may be weak, but it's also a low interest environment which means a lot of people have strong holding power.

starlight1968sg
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Re: Does it make sense to commit a 99-years lease private co

Post by starlight1968sg » Mon Sep 05, 2016 1:48 pm

floppy wrote:
starlight1968sg wrote:Hdbs are also 99 years.
I think the current housing market is weak which means it is buyers or tenants at an upper hand.
Upper hand?
Tenants - yes.
Buyers - unlikely, unless the seller is desperate to sell.
The housing market may be weak, but it's also a low interest environment which means a lot of people have strong holding power.
Buyers can ask for a better (lower) price when buying


TopTutorSG
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Re: Does it make sense to commit a 99-years lease private co

Post by TopTutorSG » Sat Mar 25, 2017 4:22 pm

We would buy freehold, but somehow the newer ones seem to come leasehold.

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