Repossession of Apartments owned by Singaporeans in Batam
21-12-2021, 10:33 AM
21-12-2021, 10:47 AM
21-12-2021, 11:28 AM
21-12-2021, 11:37 AM
21-12-2021, 11:56 AM
(21-12-2021, 08:44 AM)hero Wrote: they tried to sell me those properties, claiming 30+30+20 and whatever shit. sure renew, all legal black and white done by professional lawyers, they claim.
I never fall for their shit
I think you should buy based on 30yr lease without renewal because it is subject to govt allowing the renewal and price can be set to any level for renewal.
If one buys a $50K property stay for 30yrs for retirement it is reasonable and worth it.
You can't go and assume a lease can be renewed at reasonable price....when they market it they can say but you cannot depend on it.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
21-12-2021, 12:01 PM
(21-12-2021, 10:33 AM)sgxin Wrote: In the near future, many HDB flats will be left with 30+ years lease too.
If you are 60yrs old with a 70yrs old HDB.
Switch to a 30yr left one...pocket the difference in cash and that js your retirement sum.
It's good to have HDB with 30yrs left. .Means original tenant enjoy 70 good yrs there and 50 yrs rent free living.
Unlike many I do not view leasehold negatively. People should be educated on this.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
21-12-2021, 02:14 PM
Long long Qs for 30 yr leasehold flats in HK....here we r spoilt with choices.
21-12-2021, 02:41 PM
21-12-2021, 02:46 PM
21-12-2021, 02:57 PM
21-12-2021, 03:24 PM
(21-12-2021, 02:57 PM)Notdumb Wrote: So u r also saying HDB hit and run too with 99yrs lease. U also another goondu who cant think.
Or u saying agent bluff buyers that 30yrs means forever?
30yrs foreigners apt is a well known thing for those buying Indonesian property. It's to address needs of retirees settling in Bali etc.
It is also common for agent and salesman to say easily renew or "sure can renew". But common sense will tell you that such things will have problem.
The dispute posted is by buyers who have too optimistic expectations...or are trying to gain something.
If one goes in with eyes open and treat the property as 30yr lease...one should be quite happy to live in a low cost area.
People shouldn't go and bad mouth indonesian and Malaysian over this. I don't think they did anything wrong. ...or are underhanded
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
21-12-2021, 03:26 PM
(21-12-2021, 03:24 PM)sgbuffett Wrote: 30yrs foreigners apt is a well known thing for those buying Indonesian property. It's to address needs of retirees settling in Bali etc.
It is also common for agent and salesman to say easily renew or "sure can renew". But common sense will tell you that such things will have problem.
The dispute posted is by buyers who have too optimistic expectations...or are trying to gain something.
If one goes in with eyes open and treat the property as 30yr lease...one should be quite happy to live in a low cost area.
Plse don't go and bad mouth indonesian and Malaysian over this.
Renew is not FREE. its better just go buy another cheap apartment thats brand new.
21-12-2021, 03:28 PM
(21-12-2021, 03:24 PM)sgbuffett Wrote: 30yrs foreigners apt is a well known thing for those buying Indonesian property. It's to address needs of retirees settling in Bali etc.
It is also common for agent and salesman to say easily renew or "sure can renew". But common sense will tell you that such things will have problem.
The dispute posted is by buyers who have too optimistic expectations...or are trying to gain something.
If one goes in with eyes open and treat the property as 30yr lease...one should be quite happy to live in a low cost area.
Plse don't go and bad mouth indonesian and Malaysian over this.
30 years can pass by in the twinkle of an eye.....
![nudie nudie](https://sgtalk.net/images/smilies/Animated/nudie_s.gif)
21-12-2021, 03:30 PM
(21-12-2021, 03:28 PM)debono Wrote: 30 years can pass by in the twinkle of an eye.....If you are 60yrs old....I think 30yrs is more than enough.
Such apartment are for retirees.
Retirees actually want shorter leases rather than long leases that are more expensive.
30yr lease is legitimate and useful.
I don't see any issue.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
21-12-2021, 03:32 PM
21-12-2021, 03:34 PM
(21-12-2021, 03:26 PM)Notdumb Wrote: Renew is not FREE. its better just go buy another cheap apartment thats brand new.Those who buy for retirement are unlikely to renew.
I heard this group having dispute bought a 25yr lease and some of them retire at 45yrs. ...
Now lease end and you are still alive facing eviction at 70yr old ...not a nice situation but cannot blame the indo govt.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
21-12-2021, 03:39 PM
(20-12-2021, 08:26 PM)debono Wrote: It certainly is a scam.....
If it's written in black and white, it's not a scam but buyer beware.
21-12-2021, 03:39 PM
(21-12-2021, 03:34 PM)sgbuffett Wrote: Those who buy for retirement are unlikely to renew.
I heard this group having dispute bought a 25yr lease and some of them retire at 45yrs. ...
Now lease end and you are still alive facing eviction at 70yr old ...not a nice situation but cannot blame the indo govt.
It is a no brainer, when a 45-year-old buys a property in Batam with a leasehold of 25 years, cos at 70 many are still alive and kicking.....
![Clapping Clapping](https://sgtalk.net/images/smilies/Animated/clapping_s.gif)
21-12-2021, 03:40 PM
(21-12-2021, 10:11 AM)debono Wrote: Are you one of them that buy these houses for keeping mistress...?Maybe he is kept there?![]()
21-12-2021, 03:43 PM
(21-12-2021, 02:57 PM)Notdumb Wrote: So u r also saying HDB hit and run too with 99yrs lease. U also another goondu who cant think.
Or u saying agent bluff buyers that 30yrs means forever?
Rubbish agents may mention it is 30 years but everything else are so good.
21-12-2021, 03:45 PM
21-12-2021, 03:52 PM
21-12-2021, 03:54 PM
(21-12-2021, 11:28 AM)Notdumb Wrote: Dont talk cok lah. I was marketing the apartments there 30+ yrs ago. Were u born then?
You were involved in the scam 30 years ago?............
![Thinking Thinking](https://sgtalk.net/images/smilies/Animated/thinking_s.gif)
Thinking is difficult, that's why most people judge
Carl Jung
21-12-2021, 07:21 PM
21-12-2021, 07:39 PM
21-12-2021, 10:07 PM
« Next Oldest | Next Newest »
Users browsing this thread: 2 Guest(s)