The ticking time bomb of the 99-year-leasehold HDB flats

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Nebbermind
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by Nebbermind » Mon Apr 16, 2018 6:35 pm

love1001 wrote:In conclusion, unless extremely enticing, one should be extra careful not to purchase a flat that is close to 35 years. Imagine the moment you stay for 5 years and try to re-sell, it already hit the big 40 and it is going to be extremely challenging.

I realize property agents do not even indicate age of flat when they list the unit in property guru, especially those in mature estate.
Q'town hdb terrace houses...like 50 yrs old going for $800k to 900k. Can buy?

Zeit
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by Zeit » Mon Apr 16, 2018 6:59 pm

You can second guess what will happen when it's your turn based on this precedent that will take place in our lifetime.

http://www.straitstimes.com/singapore/h ... in-2020-no

Hopefully, the govt of the day- when your 99yr lease is up - will instruct your MP and SLA to assist you during the transition and relocation.


From MP Yaacob Ibrahim's Facebook on his residents affected by this:

"Owners of the terrace houses at Lorong 3 Geylang were informed that they would need to vacate their properties and return the land to the State when the lease runs out on 31 December 2020.

While the policy is to recover State land upon the lease expiry, I am glad that the relevant agencies will be facilitating the families and occupants to relocate. Singapore Land Authority (SLA) will assign an officer to each owner to guide him or her over the next three and a half years.

Most of the owners have already moved out of their units. For those who are still staying at Lorong 3 Geylang, they have various housing options and schemes that they can consider, if they do not already have their own plan. Owners who need help can approach the SLA officer. Similarly, the other occupants will be guided to relocate their tenants or activities.

My grassroots leaders and I are paying close attention to the developments and we will also render our assistance to facilitate residents’ relocation."

love1001
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by love1001 » Mon Apr 16, 2018 9:44 pm

Nebbermind wrote: Q'town hdb terrace houses...like 50 yrs old going for $800k to 900k. Can buy?
HDB就如女人。40来岁的人家都不想要,嫌她老了。Low value. 所谓50-60岁的,你说呢? :siam:

floppy
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by floppy » Mon Apr 16, 2018 10:00 pm

love1001 wrote:
Nebbermind wrote: Q'town hdb terrace houses...like 50 yrs old going for $800k to 900k. Can buy?
HDB就如女人。40来岁的人家都不想要,嫌她老了。Low value. 所谓50-60岁的,你说呢? :siam:
If you are referring to those along Stirling Road, 2 years ago, 1 unit was sold for $980,000. Most are still going for around $900,000 today.

IMHO, that’s terrible value for money for an ‘asset’ with around 40 years to go (unless you are XXXXX on them being chosen for ‘SERS’).

thsheng99
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by thsheng99 » Mon Apr 16, 2018 10:18 pm

Another enbloc : Faber Garden in Upper Thomson up for collective sale at S$1.18 billion. Think this is the fifth or sixth enbloc for private property within these couple of months

Tulip Gardens in Holland last wed.. average 1 enbloc every 2 weeks....

Look like election will be announce soon :smile:
Last edited by thsheng99 on Mon Apr 16, 2018 10:25 pm, edited 1 time in total.


love1001
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by love1001 » Mon Apr 16, 2018 10:25 pm

Maybe this kind is more worth it than the 50 years at Stirling Road.

30 Years:
https://www.propertyguru.com.sg/listing ... e-21238302

https://www.propertyguru.com.sg/listing ... 4-21203039

Nebbermind
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by Nebbermind » Mon Apr 16, 2018 10:32 pm

love1001 wrote:Maybe this kind is more worth it than the 50 years at Stirling Road.

30 Years:
https://www.propertyguru.com.sg/listing ... e-21238302

https://www.propertyguru.com.sg/listing ... 4-21203039
Some of these appeal to those original owners of enbloc privatised hudc/condo. Big windfall and looking for a replacement with equally large space, almost as old and still have loads of cash to spare after buying.

janet88
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by janet88 » Tue Apr 17, 2018 9:13 am

thsheng99 wrote:Another enbloc : Faber Garden in Upper Thomson up for collective sale at S$1.18 billion. Think this is the fifth or sixth enbloc for private property within these couple of months

Tulip Gardens in Holland last wed.. average 1 enbloc every 2 weeks....

Look like election will be announce soon :smile:
it's really enbloc fever going on.
tulip gardens have been aiming for this several times. it's a big and estate.
residents can get a tidy amount starting from $4.3m but they can forget about staying in district 10 unless they are willing to make do with a small unit.
d' leedon is super expensive.

janet88
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by janet88 » Tue Apr 17, 2018 9:15 am

floppy wrote: If you are referring to those along Stirling Road, 2 years ago, 1 unit was sold for $980,000. Most are still going for around $900,000 today.

IMHO, that’s terrible value for money for an ‘asset’ with around 40 years to go (unless you are XXXXX on them being chosen for ‘SERS’).
why would anyone pay so much money for such an old house? taking a XXXXX on SERS is too risky unless one has insider news :evil:

ammonite
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Re: The ticking time bomb of the 99-year-leasehold HDB flats

Post by ammonite » Tue Apr 17, 2018 9:27 am

I guess the space is very charming. Some people are willing and able to pay for a lifestyle and their source of income is not from properties.

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