During property/economic downturn, d safe haven is 2 buy FH Landed prop. Due 2 land scarce in sg, every yr, landed edge up. V only c nowadays " Non-Landed" keep dropping in price, v never come across "Landed" is diving. V hv seen 1.5yr ago 99LH sail chasing at S$3000+psf but now at S$1200+, not 2 4get, ura after 99L expire may not renew or top-up lease according 2 jul'08 article in ST.
Posted by Albert Lim on Nov 22, 2008 in Home Buying | 729 Views
Comment added by Albert Lim - Nov 22, 2008
With only 700sqkm of land in sg & our population hv grown fr 4.68M to 4.84M d yr.Our target is 2 achieve 6.5M in 2015. Govt. hv acquire FH land & put thru land sales as 99LH. 85% of s'porean stay in HDB, 12% stay in condo/pte apt & only a mere of 3% top-notch people stay in landed prop. comprise of 1.5% in FH, 1% in 999LH & 0.5% 99LH, so in 2-3yrs after IR is opened, u know d answer.
With only 700sqkm of land in sg & our population hv grown fr 4.68M to 4.84M d yr.Our target is 2 achieve 6.5M in 2015. Govt. hv acquire FH land & put thru land sales as 99LH. 85% of s'porean stay in HDB, 12% stay in condo/pte apt & only a mere of 3% top-notch people stay in landed prop. comprise of 1.5% in FH, 1% in 999LH & 0.5% 99LH, so in 2-3yrs after IR is opened, u know d answer.
Comment added by Albert Lim - Nov 23, 2008
In sg, although govt put across every s'porean should b given a chance 2 own a landed prop. But what say & done is totally different. For eg, every s'porean dream is 2 own a GCB. A GCB is a good class bungalow of not more than 2-Sty & measure 1400sqm(15069sqft) or more & only in D9, D10 or D11. Average sp is S$1000psf during economic downturn, i wonder how many s'porean can afford
In sg, although govt put across every s'porean should b given a chance 2 own a landed prop. But what say & done is totally different. For eg, every s'porean dream is 2 own a GCB. A GCB is a good class bungalow of not more than 2-Sty & measure 1400sqm(15069sqft) or more & only in D9, D10 or D11. Average sp is S$1000psf during economic downturn, i wonder how many s'porean can afford
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D different between a FH Landed prop. & a FH condo. is FH landed prop. own that piece of land whereas FH condo. merely share the land with tenants be it very exclusive 35 tenants or mass market with 7 or 8 tower blks 2000 tenants. In sg, 2 own a FH prop. is not something great, but to own a piece of land is not any Tom, Dick or Harry can do it. Only FH "Landed" prop. owner can pronunce that.