SuPerBoRed Twincharged March 13, 2017 Share March 13, 2017 There may be a possibility of lease top-ups in future if the old 99yr leasehold condo can't go enbloc. If govt allows enblocs, there is no reason why they can't allow owners to extend the lease. Only problem is the existing condo has to tie in with the URA planning for the town. en-bloc = developer pay self lease top-up = eg 20~50 owners pay.... gd luck.... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
LPPL 6th Gear March 13, 2017 Share March 13, 2017 en-bloc = developer pay self lease top-up = eg 20~50 owners pay.... gd luck.... If owners are faced with the prospect of falling prices, a lease top-up makes sense to increase the value of the pty. Of course the topup amount must be significantly less than the gain when they were to resell the property later. This will work for small projects whereby it is not difficult to get an overwhelming majority to agree. 1 Link to post Share on other sites More sharing options...
Angcheek Hypersonic March 13, 2017 Share March 13, 2017 Got money it's good buy No money it's goodbye lah No need to debate for 4 yrs one hahha true ... what surprised me was , still so many dying to jump in . There is only 1 conclusion . There are many rich out there . No wonder our Elite want to increase Taxes 4 Link to post Share on other sites More sharing options...
SuPerBoRed Twincharged March 13, 2017 Share March 13, 2017 If owners are faced with the prospect of falling prices, a lease top-up makes sense to increase the value of the pty. Of course the topup amount must be significantly less than the gain when they were to resell the property later. This will work for small projects whereby it is not difficult to get an overwhelming majority to agree. ah... you dont get what i meant... would you be willing to pay the share of a few who REALLY cannot afford it? what about those that are agst the top up taking advantage of the situation? even if you are.. what about the rest of the majority? this kind of situation will happen... 到时 can only LPPL lor... *pun intended* 1 Link to post Share on other sites More sharing options...
Wyfitms Twincharged March 13, 2017 Share March 13, 2017 hahha true ... what surprised me was , still so many dying to jump in . There is only 1 conclusion . There are many rich out there . No wonder our Elite want to increase Taxes Of course. One radx already can bulk purchase 10 units And 3 G30 to chops 3 parking lots 1 Link to post Share on other sites More sharing options...
Angcheek Hypersonic March 13, 2017 Share March 13, 2017 Of course. One radx already can bulk purchase 10 units And 3 G30 to chops 3 parking lots 5 Link to post Share on other sites More sharing options...
Angcheek Hypersonic March 13, 2017 Share March 13, 2017 ah... you dont get what i meant... would you be willing to pay the share of a few who REALLY cannot afford it? what about those that are agst the top up taking advantage of the situation? even if you are.. what about the rest of the majority? this kind of situation will happen... 到时 can only LPPL lor... *pun intended* He is not call LPPL for nothing rite ? 5 Link to post Share on other sites More sharing options...
LPPL 6th Gear March 13, 2017 Share March 13, 2017 (edited) ah... you dont get what i meant... would you be willing to pay the share of a few who REALLY cannot afford it? what about those that are agst the top up taking advantage of the situation? even if you are.. what about the rest of the majority? this kind of situation will happen... å°æ¶ can only LPPL lor... *pun intended* For enblocs, they have a compensation commission set up to compensate those making a loss from the enbloc. For lease topups, they could perhaps set up a similar commission to evaluate the length of time the minority (20% or less) need to compensate the rest of the owners and tag that amount to an increased monthly maintenance for those units involved. When these minority owners sell the units at the new premiums, it should be mandatory for the owners to pay back their share of the lease topup amount from the sale proceeds. Of course this has never been tested, just sharing some ideas. In any case, the percentage of lease topups granted is over 60% from a report i read n intensification of land use can easily be worked out. http://www.propertyguru.com.sg/property-management-news/2010/6/27898/sla-approves-60-percent-of-lease-top-up-applicatio Edited March 13, 2017 by LPPL 1 Link to post Share on other sites More sharing options...
Yewheng Twincharged March 13, 2017 Share March 13, 2017 https://sg.finance.yahoo.com/news/singapore-eases-property-rules-diverging-210000064.html What rubbish report is that sia. Hong Kong property market is at sky high is because government never put in loan kerb and other restrictions like singapore do many years back. If Hong Kong government do the same like singapore do, then their property market will not be so sky high already. It got nothing to do with whether singapore or Hong Kong are dominated by public housing.. 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic March 13, 2017 Share March 13, 2017 wait till Part IX for lulian to drop? ... kekekeke maybe already in coffin 6 Link to post Share on other sites More sharing options...
Showster Twincharged March 13, 2017 Share March 13, 2017 (edited) https://sg.finance.yahoo.com/news/singapore-eases-property-rules-diverging-210000064.html What rubbish report is that sia. Hong Kong property market is at sky high is because government never put in loan kerb and other restrictions like singapore do many years back. If Hong Kong government do the same like singapore do, then their property market will not be so sky high already. It got nothing to do with whether singapore or Hong Kong are dominated by public housing.. Public and private housing are imperfect substitutes of one another. For sure got difference if Ah gong does not own most of the land in hk. Edited March 13, 2017 by Showster 2 Link to post Share on other sites More sharing options...
Ct3833 Supersonic March 13, 2017 Share March 13, 2017 Wonder when i can save enough $$ to start asking question in such atas thread ! Ask questions is free, just need to be thick skin like me. 2 Link to post Share on other sites More sharing options...
Newbie26 Hypersonic March 13, 2017 Share March 13, 2017 Bro, dont worry People always say what does not kill you Makes you stronger leh No wonder I belong to the Poverty class ..... gm45v9g.jpg 14 Link to post Share on other sites More sharing options...
Mercs Hypersonic March 13, 2017 Share March 13, 2017 https://www.srx.com.sg/singapore-property-news/33822/light-at-the-end-of-the-privatisation-tunnel Light at the end of the privatisation tunnel 13 Mar 2017 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic March 13, 2017 Share March 13, 2017 http://sbr.com.sg/residential-property/in-focus/who-are-biggest-winners-in-recent-tweaks-property-rules Who are the biggest winners in the recent tweaks on property rules? Mar 13, 2017 3 Link to post Share on other sites More sharing options...
Mercs Hypersonic March 13, 2017 Share March 13, 2017 http://www.straitstimes.com/business/property/cooling-measure-tweaks-could-inject-some-optimism Cooling measure tweaks could inject some optimism Mar 13, 2017 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic March 13, 2017 Share March 13, 2017 http://www.theedgeproperty.com.sg/content/two-condo-sellers-reap-profits-more-2-mil Two condo sellers reap profits of more than $2 mil Mar 13, 2017 9 Link to post Share on other sites More sharing options...
Passat57 3rd Gear March 13, 2017 Share March 13, 2017 There may be a possibility of lease top-ups in future if the old 99yr leasehold condo can't go enbloc. If govt allows enblocs, there is no reason why they can't allow owners to extend the lease. Only problem is the existing condo has to tie in with the URA planning for the town. No, currently, the gov does not allow owners to extend the lease. Already had cases kenna rejected. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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