Last night, i spoke to someone over drinks, who probably the lawyer who handled the most property transactions in Singapore.
H: Should I choose freehold or leasehold? Rental yields are so poor for freehold properties.
C: For 99-years leasehold, the day will come. You gotta assume full depreciation and don't expect government to bail you out. They are selling 25years, 30 years leasehold industrial lands now, so the next thing, will be 60-years leasehold properties for residential.
For 999 years, the day will still come because many started their lease in 1800s.
For freehold, the day will never come. You will beat inflation.
H: Should I choose freehold or leasehold? Rental yields are so poor for freehold properties.
C: For 99-years leasehold, the day will come. You gotta assume full depreciation and don't expect government to bail you out. They are selling 25years, 30 years leasehold industrial lands now, so the next thing, will be 60-years leasehold properties for residential.
For 999 years, the day will still come because many started their lease in 1800s.
For freehold, the day will never come. You will beat inflation.