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Either knock down or refurbish for new buyers
By that time u already in a different world
Answer not a fool according to his folly, lest you also be like him" (Proverbs 26:4)
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(15-09-2024, 07:39 AM)Everything Everywhere Wrote: https://www.homeanddecor.com.sg/property...-hdb-condo
99 Year Lease Singapore: What happens to HDB after 99-year lease ends?
A home handed down generations has great sentimental value, but it’ll be of no monetary value when the 99-year housing lease runs. So what do you do?
Similar case to a 99 years lease Condominium. When it is not Enbloc.
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HDB 99 years can become 0. It depends on the government at year 0. Till now, our government still can afford to give a replacement.
Condo. 99, 999
1) Individual Units: It depends on the location whether can enbloc or not.
2) Companies control: It depends on that company.
Now, there are MRT stations everywhere.
One thing surprise is that why Japan's property, concrete land, is so cheap compared to the Philippines, reclaimed land.
(This post was last modified: 15-09-2024, 09:47 AM by
theold.)
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For condos, many major defects will gradually start to appear after 15-20 yrs. if they are leasehold, for investment and no immediate en bloc potential, then better sell if got buyers
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Major difference between HDB and leasehold condo :condo can enbloc together with your neighbors by selling to developers. HDB, nobody buy from you.
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(15-09-2024, 09:20 AM)WhatDoYouThink! Wrote: For condos, many major defects will gradually start to appear after 15-20 yrs. if they are leasehold, for investment and no immediate en bloc potential, then better sell if got buyers
This is because certain materials cannot last that long. Hidden wiring, pipes, sealant, etc will be problems.
(This post was last modified: 15-09-2024, 10:00 AM by
theold.)
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Condo enbloc not so easy. Pine grove so many times, still unsuccessful.
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(15-09-2024, 09:38 AM)Migrant Wrote: Condo enbloc not so easy. Pine grove so many times, still unsuccessful.
You need insiders la. Pinegrove many gong gong ppl living there.
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The lease is for 99 years, but the building is not likely to last for 99 years. Hence, the building is likely to be torn down for VERS or SERS well before 99 years are up. Some things are not for you to worry about and this is one of them.
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If I recall properly, pinegrove last time are many HDB buyers. It is also not consider a full condo when first launch as it was built by HDB. There are many owners there dunno how to enbloc properly by finding the right buyers.
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(15-09-2024, 09:41 AM)*天哥* Wrote: You need insiders la. Pinegrove many gong gong ppl living there.
The people there are too smart. Why sell? Location is the first consideration.
Space is another.
Pinegrove has both.
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(15-09-2024, 09:50 AM)Migrant Wrote: The people there are too smart. Why sell? Location is the first consideration.
Space is another.
Pinegrove has both.
You could b right. Maybe some group inside oppose the submitted proposal during MCST.
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lease finish. sla collect back land keep for a while then tender out again. sla huat ah. keep recycle can leow.
you buy 99 years, so consume finish done la. no one woe u anything.
if hdb got heart maybe offer bto priority under lease expire considerations.
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When time up it become zero for next redevelopment.
Else you expect govt take money to buy so many flats?
As now govt got the money to help revamp its interior
in future, no one knows.
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(15-09-2024, 08:50 AM)RiseofAsia Wrote: I only know many LKKs will sleep on the street lah. Song Boh!
Back in 2017, then National Development Minister Lawrence Wong told HDB residents that their units are stored value assets and a nest-egg for their retirement needs. He should fire his speech writer or the civil servant from HDB who supplied him the wrong information. The steady and precipitous depreciation of public flats will destroy what many count on as a retirement asset. Surely the Housing Board must consider home-sharing carefully and how it fits in with the Govt’s asset-enhancement policy for public housing.
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(15-09-2024, 02:52 PM)watchfirst9 Wrote: When time up it become zero for next redevelopment. Else you expect govt take money to buy so many flats? As now govt got the money to help revamp its interior in future, no one knows.
Deluded HDB residents who believe that they actually own their flats, have to be educated that their homes will return to the State at the end of 99 years. As only a paltry 4% of HDB flats have been identified for Selective En bloc Redevelopment Scheme (Sers) since the scheme was launched in 1995, forking out exorbitant prices for older flats in anticipation of a windfall is risky.
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(15-09-2024, 10:54 AM)sclim Wrote: lease finish. sla collect back land keep for a while then tender out again. sla huat ah. keep recycle can leow. you buy 99 years, so consume finish done la. no one woe u anything. if hdb got heart maybe offer bto priority under lease expire considerations.
It is clear that HDB lease agreements contain an assortment of rights that fall short of full ownership. This legal void leaves residents of Housing Board units with a great deal of limitations over their rights. The fundamental differences between a condo and a HDB flat are neither academic nor insignificant. Since buyers of HDB units have only purchased a 99-year lease, they have no share of the land where their blocks stand on and no strata title.
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(15-09-2024, 10:26 AM)*天哥* Wrote: You could b right. Maybe some group inside oppose the submitted proposal during MCST.
An en bloc sale is governed by the Land Titles (Strata) Act. The requisite majority consent under the Act for developments less than 10 years old is at least 90% by share value and strata area. For older developments 10 years and more, at least 80% of residents must agree to the sale by share value and strata area.
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(15-09-2024, 09:50 AM)*天哥* Wrote: If I recall properly, pinegrove last time are many HDB buyers. It is also not consider a full condo when first launch as it was built by HDB. There are many owners there dunno how to enbloc properly by finding the right buyers.
The en bloc of Cairnhill Mansion near Orchard Road encountered similar opposition for many years before finally going through because some of the older residents opposed it for sentimental reasons. These seniors do not need the financial windfall and did not have the energy to shift to a new home.
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