THOMSON THREE - Next hot-selling condo project

[Balls2U]

It's gonna be launch next month. Guaranteed sell-out (that's what Huttons claims)! Selling point - prime location and door-step MRT. But only 99 years and not freehold.

Is it a good buy (either to stay or for investment). Advice?

 

[The_Hypocrite]

ANYTHING private but 99 years is not good,,,just my opinion,,,what do others think?

 

[Narong Wongwan]

ANYTHING private but 99 years is not good,,,just my opinion,,,what do others think?

Yes this type will lead the way when properly prices go south.
Rental returns overall coming down also.
Stay ownself or slot the mistress there is ok.

 

[Balls2U]

There are hardly any new developments along the Upper Thomson area recently. So, this project is very appealing to those who prefer the Upper Thomson-Bishan area. Plenty of amenities nearby - Thomson Plaza across the road, one whole row of eateries down the road, banks and post office etc.

 

[sleaguepunter]

There are hardly any new developments along the Upper Thomson area recently. So, this project is very appealing to those who prefer the Upper Thomson-Bishan area. Plenty of amenities nearby - Thomson Plaza across the road, one whole row of eateries down the road, banks and post office etc.

paiseh hor.. the post office will be gone by the time the condo is completed.

making way for the mrt.

 

[Getloud]

Thomson Line coming out ready by 2019. B4 that, better avoid that stretch of road.
Freehold properties??? There's no such thing as long as PAP is in charge.
They will take what they want deem needed by them.
99 years, you are just paying rental.
Investment yes, own stay, not SG.

 

[LeMans2011]

TS is property agent? I had one handing me flyers at MacRitchie Reservoir recently. Anyone who pays $1400psf to buy a 99 year pty at Thomson is mad. You can get a FH pty near Orchard at $2000 psf.

 

[Balls2U]

TS is property agent? I had one handing me flyers at MacRitchie Reservoir recently. Anyone who pays $1400psf to buy a 99 year pty at Thomson is mad. You can get a FH pty near Orchard at $2000 psf.

True. The thing that puts me off is that it is not freehold and for that kind of price, I can always get a freehold one at some other location. But that Hutton agent told me that Thomson area is a prime area that is almost the equivalent of District 9 or 10. WTF?

 

[watchman8]

There are hardly any new developments along the Upper Thomson area recently. So, this project is very appealing to those who prefer the Upper Thomson-Bishan area. Plenty of amenities nearby - Thomson Plaza across the road, one whole row of eateries down the road, banks and post office etc.

99% of residential area in Singapore have plenty of amenities nearby. Is there a better unique selling point?

 

[watchman8]

Thomson Line coming out ready by 2019. B4 that, better avoid that stretch of road.
Freehold properties??? There's no such thing as long as PAP is in charge.
They will take what they want deem needed by them.
99 years, you are just paying rental.
Investment yes, own stay, not SG.

if ministers live in your neighbourhood, it will be freehold. Otherwise subject to be taken over from SLA. Though nowadays SLA will pay a decent amount, higher than $1 psf, but lower than what you need for retirement.

 

[johnny333]

Thomson Line coming out ready by 2019. B4 that, better avoid that stretch of road.
Freehold properties??? There's no such thing as long as PAP is in charge.
They will take what they want deem needed by them.
99 years, you are just paying rental.
Investment yes, own stay, not SG.

I notice plenty of construction activity going on along Marymount Rd around the Bishan Fire station. I thought that it was due to the new road that was being built?

Looks like the resident in that area are in for a couple of noisy years

 

[Poomer]

It's gonna be launch next month. Guaranteed sell-out (that's what Huttons claims)! Selling point - prime location and door-step MRT. But only 99 years and not freehold.

Is it a good buy (either to stay or for investment). Advice?

99 years devalues as time goes by, when your lease is left 70, 60 or 50 years, you will already start to see a visible lower price. Tis true that the house will likely last longer than one's lifetime. Tis also a fact, your next generation will confirm have to buy their own house.

FH though, can still be taken back if the government requisitions the land, for whatever purpose they can contrive. They can pay you market value for land, market value is subjective though, market value is not fair value as my relatives found out. Along with other affected parties, they fought with the government all the way to high court , hired a QC, the surveyor can admit it's not fair value, but the court still rule in the government's favour, citing robin hood law or something like that. They were only getting like half of the open market value, this will likely be the case, unless your neighbour is an MP, then you will get a generous payout.

That said, my recommendation is still to go for FH even at a slight premium, reason being the amount of FH land is limited. Most of it is already built up. So you will see mostly 99 years developments in future. Don't forget FH can enbloc, 99 years no such thing.

 

[watchman8]

99 years devalues as time goes by, when your lease is left 70, 60 or 50 years, you will already start to see a visible lower price. Tis true that the house will likely last longer than one's lifetime. Tis also a fact, your next generation will confirm have to buy their own house.

FH though, can still be taken back if the government requisitions the land, for whatever purpose they can contrive. They can pay you market value for land, market value is subjective though, market value is not fair value as my relatives found out. Along with other affected parties, they fought with the government all the way to high court , hired a QC, the surveyor can admit it's not fair value, but the court still rule in the government's favour, citing robin hood law or something like that. They were only getting like half of the open market value, this will likely be the case, unless your neighbour is an MP, then you will get a generous payout.

That said, my recommendation is still to go for FH even at a slight premium, reason being the amount of FH land is limited. Most of it is already built up. So you will see mostly 99 years developments in future. Don't forget FH can enbloc, 99 years no such thing.

SLA will give market value compensation, but not the higher value due to appreciation resulting from the acquisition. Basically one will not get any windfall, just a compensation based on what you can sell the property for as if the new development has not taken place.

Best is to avoid land acquisition, and the trick is to avoid buying freehold right along a main road. Look for established residential areas where there is less chance of road expansion project. Staying along a secondary road is preferred.

Leasehold can enbloc too. Just that the premium earned is not as much as that of freehold.

 

[BuiKia]

You really trust a housing agent? Market is softening and they are all worried like hell.

True. The thing that puts me off is that it is not freehold and for that kind of price, I can always get a freehold one at some other location. But that Hutton agent told me that Thomson area is a prime area that is almost the equivalent of District 9 or 10. WTF?