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Leasehold or Freehold for you? |
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By keithyip on
06 Feb 2010 - 12:35 PM
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keithyip.com
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The receptiveness towards leasehold over freehold in Singapore has been improving over the years. Are the buyers more tolerant of the shortcomings of leasehold in the rising property market we are in now? Or there are simply not so many available freehold markets that we can pin our hope on inn buying in the land-scarce Singapore.
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Potong Pasir Neighbourhood Bulletin |
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By keithyip on
1/26/2010
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keithyip.com
Singapore Real Estate News
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We are seeing much discussion surrounding the topic of excessive cash premiums for HDB flats, with buyers desperate to get into public housing market. The cash premiums, equivalent to Cash-over-Valuation (COV), has hit as high as the median at $24,000 in the fourth quarter of last year, based on the Housing Board (HDB) data. In a way of saying, if the valuation of the HDB unit is $400,000, the buyer may have to fork out around $24,000 more on top to purchase it.
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