Think back, 30-40yrs back, a 20000sqft detached house in Nassim road costs S$80K-S$90K, but at current situation, it costs min S$20M. So, what is the percentage of return? Imagine, if you buy say a 99yrs super high end condo at S$29M for say 5178sqft which translate into S$5600psf. Usually, before it T.O.P, it takes 2-3yrs. So minus the remaining lease it is about 96yrs lease from T.O.P, what is the upside of this super high end condo? Assuming the ultra rich owner never sell, per year basis, it depreciate by S$302K, wow ! it is a lot like deprciating a 4rm flat on per yr basis. But if you buy say a S$20M 20000sqft detached in cluny park, what is the upside. To me, to appreciate to S$30M is within reach given the fact that a FH Land-Title Landed property own this piece of 20000sqft land whereas Strata-Title FH condo does not own any land except it merely share the land with its neighbour, be it very exclusive 35 tenants or not so exclusive 2000 tenants? What is your comment?
Posted by Albert Lim on Mar 12, 2008 in General Questions | 66393 Views
Comment added by Albert Lim - Jul 3, 2011
99yrs LH Condos/Apt can never be 99yrs on tenure b'cos it takes min 3yrs to build, some housing take 5yrs to build before it receive T.O.P, meaning a 99LH Condo/Apt you are buying is actually buying a 96LH or 94LH Condo/Apt
99yrs LH Condos/Apt can never be 99yrs on tenure b'cos it takes min 3yrs to build, some housing take 5yrs to build before it receive T.O.P, meaning a 99LH Condo/Apt you are buying is actually buying a 96LH or 94LH Condo/Apt
Comment added by Albert Lim - Sep 16, 2011
Recently, i had a discussion with a group of business friends. They ask me, Albert, why u still buy FH Land-Title landed pty, u don't worry it'll crash. I tell them, remember in the late '70 when u purchase a say 1600sqft of land area FH landed pty it cost u abt S$20K then come in mid of '80 it cost S$400K , people complain very expensive, crazy. Then come late '90 it cost S$800K, people say crazy. Then come mid 2005, it cost S$1.2M , people say crazy. Now it costs S$2M for a land area 1600sqft inter-terrace at city fringe be it D13 or D19. I tell my friends if u don't buy now @S$2M , in 3-5yrs time a FH inter-terrace of land area 1600sqft will cost min S$3M, if u still 1 2 wait & complain, u c 4 yrself, FH land-title landed pty is getting lesser & lesser, however, 99LH strata-title condo/apt is getting more & more. The future scenario i leave it 2 u 2 decide, i tell my friends.
Recently, i had a discussion with a group of business friends. They ask me, Albert, why u still buy FH Land-Title landed pty, u don't worry it'll crash. I tell them, remember in the late '70 when u purchase a say 1600sqft of land area FH landed pty it cost u abt S$20K then come in mid of '80 it cost S$400K , people complain very expensive, crazy. Then come late '90 it cost S$800K, people say crazy. Then come mid 2005, it cost S$1.2M , people say crazy. Now it costs S$2M for a land area 1600sqft inter-terrace at city fringe be it D13 or D19. I tell my friends if u don't buy now @S$2M , in 3-5yrs time a FH inter-terrace of land area 1600sqft will cost min S$3M, if u still 1 2 wait & complain, u c 4 yrself, FH land-title landed pty is getting lesser & lesser, however, 99LH strata-title condo/apt is getting more & more. The future scenario i leave it 2 u 2 decide, i tell my friends.
Comment added by Albert Lim - Oct 14, 2011
As what the Law Minister would like 2 curb PR from buying "Land-Title" landed pty, what does this mean? I strongly believe more than 50% S'poreans do not understand what he means. A person even comment d taiwanese PR woman who bought d whole tower blk fr Keppel Grp out of d 3 tower blks can in fact control the land. This shows that how naive & ignorance our s'poreans can be. Always baer in mind only "Land-Title" FH Landed pty owner can prounce they own that plot of land b'cos of the "Land-Title" involve, other than Landed pty, be it Cluster Hse, Condos, Pte Apt & HDBs, all these fall under "Strata-Title" even if it is FH, they got no 100% control over the land unlike "Land-Title" landed pty owner who hv the 100% control rights over the land. That's make the huge difference which the Law Minister is trying 2 deliver the msg across.
As what the Law Minister would like 2 curb PR from buying "Land-Title" landed pty, what does this mean? I strongly believe more than 50% S'poreans do not understand what he means. A person even comment d taiwanese PR woman who bought d whole tower blk fr Keppel Grp out of d 3 tower blks can in fact control the land. This shows that how naive & ignorance our s'poreans can be. Always baer in mind only "Land-Title" FH Landed pty owner can prounce they own that plot of land b'cos of the "Land-Title" involve, other than Landed pty, be it Cluster Hse, Condos, Pte Apt & HDBs, all these fall under "Strata-Title" even if it is FH, they got no 100% control over the land unlike "Land-Title" landed pty owner who hv the 100% control rights over the land. That's make the huge difference which the Law Minister is trying 2 deliver the msg across.
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For our future under master plan, we target 2 acheive 6.5Million population in 2015 with our 700sqkm of land. Now, we r slightly better compare 2 china, across d board, d tenure is 60yrs LH, in S'pore, due 2 planning we can only cater for 99yrs LH from now onwards. In other words, those withold a lot of FH land-title landed pty stand 2 gain on a longer term. FH Land-title mean u own that plot of land whether 3000sqft or 30000sqft. Currently, HDB dwellers form 80% of sg population, follow by 18% of Strata Cluster Hse/Condo/Pte Apt dwellers. Land-Title dwellers had shrink to only 2% of d enlarge sg population.