Mr Loo kanna whack for saying HDB will go to zero

[iceblendedchoc]

So many KPKB dun wanna click, so here's the Video Overview

Conflicting Viewpoints on Leasehold Property Value

One group of viewers felt Mr Loo's points were obvious: 99-year leasehold properties will eventually return to zero value upon lease expiry. They criticized the video as stating the obvious and questioned Mr Loo's intelligence. Conversely, a significant number of viewers disagreed, believing that property prices will continue to rise and that the government will intervene through SERS (Selective En bloc Redevelopment Scheme) or lease extensions.

Government's Stance and Public Misinterpretations

Mr Loo cites Prime Minister Lawrence Wong's statement that all 99-year leasehold properties, including HDB flats, must be returned to the state upon lease expiry. He emphasizes that while the land retains value for the government, the property's value will go to zero for the owner. Despite this clarification, many viewers misunderstood or dismissed this statement, clinging to beliefs in continued price appreciation, government intervention, and lease extensions. Some even labeled the Prime Minister's statement as fake news.

Arguments for and Against Value Depreciation

Those who believed in continued price appreciation cited factors like scarcity of land, increasing labor and material costs, and inflation. They argued that property, unlike stocks, has utility value and will always be needed. Conversely, Mr Loo countered that the 99-year lease presents a significant risk that many people ignore, leading to potentially poor investment decisions. He provided examples from independent articles supporting the claim that property value significantly depreciates as the lease nears expiry.


Mr Loo's Conclusion and Upcoming Series

Mr Loo acknowledges the emotional nature of the topic and the difficulty of changing deeply held beliefs. He advocates for diversification of investments to mitigate risk and stresses the importance of financial awareness. Mr Loo announces an upcoming three-part series with Mr. Dragon Tan, focusing on the 99-year lease issue and offering a more balanced and practical perspective. This series will eventually culminate in revealing a method for making a million dollars, a formula already utilized by over a hundred Singaporeans.

End up is tell you buy and sell through his agent

 

[luffix7]

So many KPKB dun wanna click, so here's the Video Overview

Conflicting Viewpoints on Leasehold Property Value

One group of viewers felt Mr Loo's points were obvious: 99-year leasehold properties will eventually return to zero value upon lease expiry. They criticized the video as stating the obvious and questioned Mr Loo's intelligence. Conversely, a significant number of viewers disagreed, believing that property prices will continue to rise and that the government will intervene through SERS (Selective En bloc Redevelopment Scheme) or lease extensions.

Government's Stance and Public Misinterpretations

Mr Loo cites Prime Minister Lawrence Wong's statement that all 99-year leasehold properties, including HDB flats, must be returned to the state upon lease expiry. He emphasizes that while the land retains value for the government, the property's value will go to zero for the owner. Despite this clarification, many viewers misunderstood or dismissed this statement, clinging to beliefs in continued price appreciation, government intervention, and lease extensions. Some even labeled the Prime Minister's statement as fake news.

Arguments for and Against Value Depreciation

Those who believed in continued price appreciation cited factors like scarcity of land, increasing labor and material costs, and inflation. They argued that property, unlike stocks, has utility value and will always be needed. Conversely, Mr Loo countered that the 99-year lease presents a significant risk that many people ignore, leading to potentially poor investment decisions. He provided examples from independent articles supporting the claim that property value significantly depreciates as the lease nears expiry.


Mr Loo's Conclusion and Upcoming Series

Mr Loo acknowledges the emotional nature of the topic and the difficulty of changing deeply held beliefs. He advocates for diversification of investments to mitigate risk and stresses the importance of financial awareness. Mr Loo announces an upcoming three-part series with Mr. Dragon Tan, focusing on the 99-year lease issue and offering a more balanced and practical perspective. This series will eventually culminate in revealing a method for making a million dollars, a formula already utilized by over a hundred Singaporeans.

of cos will go to 0 lah, no brainer leh

 

[Eliwood]

These are pte properties. I can understand.

But there are like thousands of people n families affected each time the 99 years is up.

I am pretty sure relocation or extension of the HDB lease will be done. Otherwise they can kiss their Gov seats good bye

The original owner would probably alrdy have passed on anyway before the lease expires.

Will be interesting to see the behaviour of hdb with less than 30 years remaining lease.

 

[Eliwood]

Calculating if price is bargain or not based on 99 years is flawed.

Then FH can be considered as bargain with any price since the lease is infinite?

Me saying price is bargain is not becos of 99 years, it is the cashflow from rental over 99 years discounted to present value.

You can also compute the present value of perpetual cash inflow, and the answer is not infinity. Maybe u can google that first.

 

[donut88]

Our flat building is designed for >99 years ?

Who say cannot last more than 99 years?

Any technical expert got say the buildings will all suddenly collapse at 99th year?

 

[donut88]

Don't believe in people saying after 99 years, all 99 yr leasehold buildings become zero.

Use your backside to think, u know it won't happen.

 

[Emperor_Hippo]

The only alternative to depreciation is to rent.

No idea why so many ppl who are so hung up abt leasehold refuse to consider renting...

NO SEH! NO FACE! NEED TO TELL PPL "I OWN/BOUGHT THIS THAT COSTS $X,XXX,XXX!!!!" DURING CNY!!!!

THAT'S WHY!!!!!!!

 

[xdivider]

Don't believe in people saying after 99 years, all 99 yr leasehold buildings become zero.

Use your backside to think, u know it won't happen.

by then is hong yi bro's dachi, lw retired with his millions le..........

 

[byfun]

unfortunately my dad may be one of them. i guess in the next decade he will get his wakeup call

Becos gov know current hdb will outlive most owners.... by the time it doesnt then they answer the question. So now can siam just siam .... election year afterall.

Sinkies dont like cold hard truth.

 

[pohw0008]

Youtuber playing with words for viewer clout. Hopefully, everyone bans him from their acct.

Every home in SG, public or private other than Freehold ones .... has only 99yrs.

Freehold ones are usually those Big bungalows or exclusive Condos. (Rideout.... ) & is out of reach of common folks.

Closest price drop will only be those 1970s/1980s flats when their lease is ard 29 years left.

That also will be after 30+++ yrs time as I've predicted.

There are some hdb with 40+ years lease left..

 

[pohw0008]

The original owner would probably alrdy have passed on anyway before the lease expires.

Will be interesting to see the behaviour of hdb with less than 30 years remaining lease.

Which mean the person who buys over will eventually outlive the hdb lease no?? So those are the people in denied that hdb price will goes to $0 eventually??

 

[magna_strike]

Only way for it to go to 0 is if it collapses in an earthquake

 

[rizhal]

Don't believe in people saying after 99 years, all 99 yr leasehold buildings become zero.

Use your backside to think, u know it won't happen.

you can shut up your eyes and ears, the world is moving along.

https://www.straitstimes.com/singapore/all-191-units-at-geylang-lorong-3-vacated-sla

All 191 units at Geylang Lorong 3 vacated, ownership of land returned to State​

UPDATED JAN 02, 2021, 08:15 AM


SINGAPORE - All 191 units at Geylang Lorong 3 have been vacated and ownership of the 60-year leasehold land has returned to the State, said the Singapore Land Authority (SLA) on Friday (Jan 1).

 

[pohw0008]

Becos gov know current hdb will outlive most owners.... by the time it doesnt then they answer the question. So now can siam just siam .... election year afterall.

Sinkies dont like cold hard truth.

Then they don't have to answer to those who bought the resale of the hdb who's owner pass away?

 

[Kanko San]

Where got land liao ?

When all one shot reach 99 years.

AMK, BEDOK, TP, MP etc.
Those earning big bucks, already died n children migrated

 

[Mechafanboy]

Gahmen where got give you such a good deal one. Buy a public housing unit and sit on it forever?! They want economic activity, they want people working their asses off for that pigeon hole, of course they will reclaim it back when the lease ends

You people should know PAP logic. This policy is not even up for debate.

 

[dontwastetime]

Who say cannot last more than 99 years?

Any technical expert got say the buildings will all suddenly collapse at 99th year?

it's the money money

PAP wanna milk it several times

Later lar lets see the 60 yr lease flat what happens

 

[Kanko San]

Who say cannot last more than 99 years?

Any technical expert got say the buildings will all suddenly collapse at 99th year?

I don't think all flat can last 99 years.
The most is 80 years but so far, which flat had reached 80 years.

How about Jalan Batu house, even old kallang airpor6 n bukit merah, demolished before 80 years old.

 

[TehOPengSiuDai]

this guy zero credibility left after his 1m65 hoo-ha...

Simi hooha? His telegram chat still many followers wor.

 

[Gambler.]

Isn’t he the person always doing shopping spree under premium mall ?