Landed for own stay

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

Landed for own stay

Postby sparks » Thu Nov 27, 2014 3:03 pm

Anyone can advise what to look out for landed homes? Where is your favourite area? Is East Coast a good area?

What are the areas to avoid - like flood-prone, insect/pest infestation/dengue blacklisted zones?

Do you engage a property agent to source for units or DIY? TIA!

sparks
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Re: Landed for own stay

Postby lilmissbummer » Thu Dec 04, 2014 1:10 pm

Location is most important for me. :)

There are landed properties that can be quite ulu, such as long walking distance to the main road where you can catch public transport. That is, provided you require public transport and not applicable if you have your own car.

Dengue is super random, there is no way you can avoid staying in a dengue-free zone.

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Re: Landed for own stay

Postby pirate » Fri Dec 05, 2014 1:30 pm

Road reserves.

pirate
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Re: Landed for own stay

Postby pirated » Mon Dec 08, 2014 12:04 am

different people has different objectives in property investment

some do it for :

(1) proximity to school
(2) hedging against inflation
(3) upgrade of living condition
(4) downgrade and cashout
(5) chope a place for the children who are too young to own one
(6) convenient to work place
(7) convenient to airport (work as pilot, flight attendants, etc)
etc...and any combination of the above reasons.

many factors to consider :

(1) tenure -- freehold (incl 999, 9999 years L/H) versus leasehold (99-yrs & shorter)

(2) location, location, location -- popular school, public amenities -- market, food centre, shopping area, public transport (bus, MRT, LRT, expressway etc), near to in-law, to be far from in-law (not a joke) etc, near to work place, too near to red light district? too noisy traffic? flood prone area ?

(3) age of property -- newly TOP, under construction, second hand,

(4) facing, (afternoon sun?) height (#? storey), wind & water...

(5) strata title versus individual title

(6) size - land size, build in area, how many rooms, any elevator ?

(7) any facilities must have ? (pool, gym, tennis/squash courts, car parks, club house....)

(8) long term holding versus short term holding ?

(9) rental potential? current rental value $psf of similar unit in same location

(10) level of financing needed ?

(11) affordability ?

(12) TDSR

(13) LTV %

(14) how much reno needed ?

(15) history of the property - loan shark harassment ? murder history ? unnatural death in the unit?

(16) URA/master plan zoning of the area - type of use, height / storey limits, plot ratio, road setback, street-block plan area? etc

(17) geological condition - hilly, rocky area versus low land swamp history, marine clay bed ...... implication for building cost / repair cost / reno cost

the above not exhaustive but each family will have different ranking process before choosing a place

some location holds value very well

some location rebound in prices very fast

some location looks cheap but price / value stagnate over 10 - 20 years....so, this is actually losing money property

pirated
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Re: Landed for own stay

Postby erislee » Wed Dec 17, 2014 8:37 pm

i think location to your children school is more impt

erislee
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Re: Landed for own stay

Postby lynton88 » Mon May 18, 2015 5:17 pm

erislee wrote:i think location to your children school is more impt

agree. location to children school is more important

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Re: Landed for own stay

Postby sleepy » Tue May 19, 2015 11:34 am

what about 99 years leasehold landed? Is it a worthy investment or waste of money? Cost more to maintain.

Chance upon listings online
leasehold landed around 10+ years old asking around $1.5m in not so prime areas

sleepy
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Re: Landed for own stay

Postby MrsKiasu » Tue May 19, 2015 12:59 pm

sleepy wrote:what about 99 years leasehold landed? Is it a worthy investment or waste of money? Cost more to maintain.

Chance upon listings online
leasehold landed around 10+ years old asking around $1.5m in not so prime areas


I have a one concern with landed.. so afraid to see a stranger inside the house when hubby is not at home leh :nailbite:

MrsKiasu
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Re: Landed for own stay

Postby pirated » Tue May 19, 2015 1:09 pm

sleepy wrote:what about 99 years leasehold landed? Is it a worthy investment or waste of money? Cost more to maintain.

Chance upon listings online
leasehold landed around 10+ years old asking around $1.5m in not so prime areas

It still depends on location and the $psf in comparison with a FH/999

Good location near amenities or good school with easy access to transport or MRT is worth it. Treat it like buying a HDB.

pirated
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Re: Landed for own stay

Postby TheAnswer » Tue May 19, 2015 1:47 pm

sleepy wrote:what about 99 years leasehold landed? Is it a worthy investment or waste of money? Cost more to maintain.

Chance upon listings online
leasehold landed around 10+ years old asking around $1.5m in not so prime areas


Cost more névermind. More housework for you. Want to sell next time maybe got problem also. Think long term. Why want to stay in ulu place sia?

If bukit Timah landed, easily 8 to 10 million :wink:

TheAnswer
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