Anyone looking at Landed?

[mikeeeey]

Almost all (there are exceptions though) landed there CAN park the cars inside. but many choose to park along the roadside. Why? Cos what for sacrifice own space when you can have more "own area" to let the kids run around, set up bbq etc. Park along the road, preferably in front or near front gate, you can prevent your neighbours' visitors from blocking ur gate. haha.

 

[drkcynic]

Exclusive estates no mrt does not matter.

Most at SG are semi-d and d, enough space to park 2/3 cars. No need so cheapskate park along road. That said, there is still enough parking along the small drives, at least for the area I frequent.

I think for my case, where I am looking to rent out, it will be better if I get somewhere near mrt. I have seen some really deep in the enclave which could make it challenging to rent out. And the rental for a few I have seen seems pretty low, 3.3, 3.5k for a 2.5-3m place.

Also below 3m the options are pretty limited. If I am willing to go 4m there are alot more options. But I am only looking to cap my investment at 3. Seems like landed world is still a game for the rich.

Re-evaluating my options here.

 

[Clazav]

Why do you think landed will appreciate better than non landed? Not questioning anything, but would like to find out more. And why wouldn't strata in your consideration, since with facilities, it may be easier to rent and perhaps at higher price.

I think for my case, where I am looking to rent out, it will be better if I get somewhere near mrt. I have seen some really deep in the enclave which could make it challenging to rent out. And the rental for a few I have seen seems pretty low, 3.3, 3.5k for a 2.5-3m place.

Also below 3m the options are pretty limited. If I am willing to go 4m there are alot more options. But I am only looking to cap my investment at 3. Seems like landed world is still a game for the rich.

Re-evaluating my options here.

 

[Clazav]

below 3 at kovan area usually u need A&A

what is A&A?

 

[drkcynic]

Why do you think landed will appreciate better than non landed? Not questioning anything, but would like to find out more. And why wouldn't strata in your consideration, since with facilities, it may be easier to rent and perhaps at higher price.

Simply that in 2010, FH landed cost 2-ish and today they cost 3-4. I am looking at that kind of investment horizon, around 10 years so a landed makes sense. I don't have any statistics but you would imagine 80% of FH / 999 years made 500k or so in 10 years.

I do agree with most agents as well that money are made investing in new launches, not all developments, not indefinitely but it is still true as of today. If you get a resale, most likely you will limbo along, getting rental with little upside. As for new launches, there is not much meat imo, 100-200k net profit for a 1.5-2m investment in 3 years and you will be laughing.

If the landed gives me a north of 500k returns in 10 years, it will be worthwhile, despite the 2% or less rental returns.

Purely my views.

 

[petetherock]

Well most houses' gates around singapore open to small lanes. I don't think the lanes at SG are noticeably narrower.

You just need to hunt for lanes which are wider or places where there’s only houses on one side

 

[Clazav]

For landed, wouldn't staying in it make more sense than renting it out? If you live in it, you could really take your time to see when it is the best time to sell. But of course if your attachment to it grow then it becomes a hurdle to sell in future.

I'm exploring landed too but open to both strata and normal landed. Location is important to me so need to be more open to all kinds of landed. And I'll looking at living in it for long term like 20 years.

500k in 10 years include rental gain? Or just pure appreciation?

Simply that in 2010, FH landed cost 2-ish and today they cost 3-4. I am looking at that kind of investment horizon, around 10 years so a landed makes sense. I don't have any statistics but you would imagine 80% of FH / 999 years made 500k or so in 10 years.

I do agree with most agents as well that money are made investing in new launches, not all developments, not indefinitely but it is still true as of today. If you get a resale, most likely you will limbo along, getting rental with little upside. As for new launches, there is not much meat imo, 100-200k net profit for a 1.5-2m investment in 3 years and you will be laughing.

If the landed gives me a north of 500k returns in 10 years, it will be worthwhile, despite the 2% or less rental returns.

Purely my views.

 

[drkcynic]

For landed, wouldn't staying in it make more sense than renting it out? If you live in it, you could really take your time to see when it is the best time to sell. But of course if your attachment to it grow then it becomes a hurdle to sell in future.

I'm exploring landed too but open to both strata and normal landed. Location is important to me so need to be more open to all kinds of landed. And I'll looking at living in it for long term like 20 years.

500k in 10 years include rental gain? Or just pure appreciation?

It does make more sense for own stay indeed but I am already settled at my current place for pri sch registration so that option is out.

For strata you have plenty of options at the 2m mark and nicely decorated ones. But capital appreciation is not there at all. The prices will move like a condo imo.

I am looking at more than 500k pure cap appreciation in 10 years. Of course must find a "good" unit at the right price, that's the tricky part.

 

[petetherock]

For landed, wouldn't staying in it make more sense than renting it out? If you live in it, you could really take your time to see when it is the best time to sell. But of course if your attachment to it grow then it becomes a hurdle to sell in future.

I'm exploring landed too but open to both strata and normal landed. Location is important to me so need to be more open to all kinds of landed. And I'll looking at living in it for long term like 20 years.

500k in 10 years include rental gain? Or just pure appreciation?

IMO, strata is not a really good investment.
Some are not FH
You pay maintenance fees and after 10 years, it's a lot of $$
You can't change the outside facade, nor can you max out the GFA.
Great for the pseudo-landed feel and you get facilities, but not for everyone..
Landed homes are the preserve of Singaporeans and you pay for exclusivity and also for the space and privacy...

For yield, HDB and condos do better.

 

[ralliart_ray]

what is A&A?

Addition & Alteration

 

[Clazav]

I'm at the same stage too. My kid is just p1 using the current address but you just need to wait till end of p2, you are free to move to anywhere. For me if I wanna buy landed, I need to sell my current unit but I can't do so as the areas around my current unit hasn't fully developer/news announced.

500k in 10 years, is 50k per year, I thought other property types can perform likewise. Like if u buy a new 1500sqft at 1200psf, then sell off in maybe 3 years at 1300-1400psf, u earn like 120-240k.

It does make more sense for own stay indeed but I am already settled at my current place for pri sch registration so that option is out.

For strata you have plenty of options at the 2m mark and nicely decorated ones. But capital appreciation is not there at all. The prices will move like a condo imo.

I am looking at more than 500k pure cap appreciation in 10 years. Of course must find a "good" unit at the right price, that's the tricky part.

 

[drkcynic]

I'm at the same stage too. My kid is just p1 using the current address but you just need to wait till end of p2, you are free to move to anywhere. For me if I wanna buy landed, I need to sell my current unit but I can't do so as the areas around my current unit hasn't fully developer/news announced.

500k in 10 years, is 50k per year, I thought other property types can perform likewise. Like if u buy a new 1500sqft at 1200psf, then sell off in maybe 3 years at 1300-1400psf, u earn like 120-240k.

It depends on how you see it i guess. I don't have faith in condos prices going up indefinitely and I think the chances of me getting jackpot 3 for 3 is low.

Contrary to that, I think a FH landed with a land size of about 2200sqft has a much higher chance to go up 250psf and beyond in 10 years.

 

[petetherock]

It depends on how you see it i guess. I don't have faith in condos prices going up indefinitely and I think the chances of me getting jackpot 3 for 3 is low.

Contrary to that, I think a FH landed with a land size of about 2200sqft has a much higher chance to go up 250psf and beyond in 10 years.

So which area did you get ?

 

[drkcynic]

So which area did you get ?

I am viewing D19 now, Kovan area. More options within my price range (below 3). Serangoon area is 3.5 and above so I think Kovan will catch up eventually (with Serangoon moving up even more).

 

[petetherock]

I am viewing D19 now, Kovan area. More options within my price range (below 3). Serangoon area is 3.5 and above so I think Kovan will catch up eventually (with Serangoon moving up even more).

Well connected with reasonable prices. Plenty of food around.
Nice choice if the area suits you.

 

[Clazav]

Many strata landed have easily floor area of 4000sqft. If it appreciate 100psf in 10 years, its appreciate doesn't pale in comparison with your landed example?

It depends on how you see it i guess. I don't have faith in condos prices going up indefinitely and I think the chances of me getting jackpot 3 for 3 is low.

Contrary to that, I think a FH landed with a land size of about 2200sqft has a much higher chance to go up 250psf and beyond in 10 years.

 

[drkcynic]

Many strata landed have easily floor area of 4000sqft. If it appreciate 100psf in 10 years, its appreciate doesn't pale in comparison with your landed example?

I can't say yes or no, though it is not something I believe in. The whole reason of one investing in a non strata FH landed is playing on it's scarcity. I am not sure a strata FH landed offers the same kind of scarcity.

 

[Pynchmail]

There are many freehold strata landed that only Singaporean and PR can buy. The newer ones tend to have very large built-in areas, with 4-5 bedrooms and 2 carpark spaces, and many have relatively low PSF price compared to condo. With a low PSF price, I think capital appreciation can be as good. Just my own personal view.

 

[Clazav]

One thing we agree is, landed must be freehold. I myself buy leasehold condo, but when it comes to landed, it die die must be freehold.

I can't say yes or no, though it is not something I believe in. The whole reason of one investing in a non strata FH landed is playing on it's scarcity. I am not sure a strata FH landed offers the same kind of scarcity.

 

[Clazav]

Also hard to say. Depend on potential buyers looking strictly at psf or quantum, or both. If u buy a 4000sqft unit, maybe to some that is too big and people find the space redundant.

And that the two parking lots easily is 250-300sqft, which contribute to part of the quantum. Normal landed owner happily just park their cars along road side. No need to pay.

There are many freehold strata landed that only Singaporean and PR can buy. The newer ones tend to have very large built-in areas, with 4-5 bedrooms and 2 carpark spaces, and many have relatively low PSF price compared to condo. With a low PSF price, I think capital appreciation can be as good. Just my own personal view.