Worth it to buy 99 yrs cluster housing?

[Cluster]

Wanted to hear views if it is worth it to buy 99 years cluster houses that are 10 yrs old.

I know for sure those landed properties that is 99 years, the value tend to depreciate as years ago unlike 999 yrs or freehold.

[99]

I'm not so sure about the depreciation before 99 years. Condos in Singapore are so poorly made that they are only meant to last for 20 years.

After which, they will enbloc.

[Greedy]

That is not true. Singapore buildings are of relatively good quality and can stand for hundreds of years. The enbloc is usually driven by greed, as well as 99LH property owners being desperate to let go of their old depreciating property. Also, locals only like things spanking new.

I'm not so sure about the depreciation before 99 years. Condos in Singapore are so poorly made that they are only meant to last for 20 years.

After which, they will enbloc.

[depends on ...]

What are your needs? 99 year housing lease of a HDB flat is okay 'cos you can always trade up to another HDB flat and keep your value going.

At the same time, and I have to praise Singapore's public housing here, where else in the world do you get a heavily subsidized roof over your head with your pay docked which a bank can't foreclose on and afford it - Singapore. 99 years is just nice for 2 generations. Of course the second generation must work towards the end to put a roof over their own heads eventually but that's life

Thirdly, a 99 year lease might be worth considering if you're buying to live off potential rent. It's a nice cash cow if you buy well.

[cluster]

Just curious what is the general thinking out there.

A friend is intending to get a 99 yrs cluster house in the east. The town house has been around for 10 yrs plus physically. But the lease could have started earlier.

They are gg to pay close to 1MM for it and just wondering if it is a safe bet even though they are keeping it for their own stay. I do see landed houses value going down particularly if they are 99 yrs lease.

We are firm believer of FH or 999 yrs.

[not worth it]

Just curious what is the general thinking out there.

A friend is intending to get a 99 yrs cluster house in the east. The town house has been around for 10 yrs plus physically. But the lease could have started earlier.

They are gg to pay close to 1MM for it and just wondering if it is a safe bet even though they are keeping it for their own stay. I do see landed houses value going down particularly if they are 99 yrs lease.

We are firm believer of FH or 999 yrs.

Your friend will see their $1 million erode away should ppty prices fall sharply.  From what i have noticed so far - among the leaseholds, townhouses have the lowest resale value - better to get an apt.  Reason being that the younger ones may like it but will prefer something more practical as they age (weak knees make climbing up the steep staircases a real pain).  Rental market is also not favourable as most westerners prefer the traditional bungalows, semi-ds and detaches. 

[definitely]

Just curious what is the general thinking out there.

A friend is intending to get a 99 yrs cluster house in the east. The town house has been around for 10 yrs plus physically. But the lease could have started earlier.

They are gg to pay close to 1MM for it and just wondering if it is a safe bet even though they are keeping it for their own stay. I do see landed houses value going down particularly if they are 99 yrs lease.

We are firm believer of FH or 999 yrs.

Your friend will see their $1 million erode away should ppty prices fall sharply.  From what i have noticed so far - among the leaseholds, townhouses have the lowest resale value - better to get an apt.  Reason being that the younger ones may like it but will prefer something more practical as they age (weak knees make climbing up the steep staircases a real pain).  Rental market is also not favourable as most westerners prefer the traditional bungalows, semi-ds and detaches. 

even 99-year landed homes are a no-no.  During the last peak, someone we knew bought a corner terrace in kew crescent area for close to $2 million.  Huge house, with 5 bedrooms but value fell to a low of only $1.1 million.  Current value around $1.5 million. 

[Cluster]

Yah, I totally agree 99 yrs landed is a no no. Any views on cluster house. I think we are not sold into the cluster house idea, where you don't own the land, cannot do A&A or rebuilding,etc... and space is small like condo.

A relative paid $1.6 for Anurasa, come with pte lift. Probably regretting now as mentioned that the space is like 2 carpark lots build upwards to 4th floor. Also wondering if the pte lift is practical to maintain/ use. At that age and the time they enter the mkt, they can probably get a reasonable semi-d.