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Hi,
I am looking to buy an investment property in the Geylang/Paya Lebar area.
1) Please advise on the prospects.
2) If I get a leasehold property, would it still be considered for en-bloc or is that only for freehold properties?
3) How old is too old for a leasehold?
Would appreciate advise or offers, thanks.
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5 Answers

Hi Paul,

Do you consider nearby condo such as Dakota Residences which just TOP this month?
Feel free to contact me or drop me an email.

Thanks & Regards,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
ERA Read More
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a good agent can guide you on the surrounding projects, calculate rental yield, sales trend,.. facilities.. bank loan ..

www.catherinepang.com Read More
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Hi Paul,

Qns 1
Payalebar will be turned into a commercial hub with planned offices, hotels retail and other amenities
Geylang will have a new pedestrian mall as well. As both location in Geylang and Paya Lebar are
both considered the next nearest to city in the OCR, there are potential for gain in value.

Qns 2
Capital land paid $548mio for leasehold Gillman heights.
Kheng Leong Grp paid $209mio for leasehold Minton rise.
However, for home buyer, the premium difference between a leasehold
and freehold unit in the same area would be quite huge.
So, your answer for question 2 is, yes, its still considered.

Qns 3
The general guideline for leasehold is not to get it after it is 30years old
This is due to the fact that some banks do not lend on leases with less than
65 years remainly, hence prices drop due to affordability issues.

But my best advice is to base it more on location.
If the location is good, it will increase rental demand and hence yield.
The chance of en bloc is also higher..

Feel free to contact me if you wish to discuss more or know what i can offer.

Cheers,

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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Hello Paul,

I currectly marketing The Medley in Telok Kurau Lor G, Freehold, 1216sft, 3bdrms + study + maids rm, poolview and no afternoon sun,5 mins walk to kembagan MRT.

If you are keen, we can always go and have a look. Please call me anytime.

Thks and brgds
Anjana
 81684051  Read More
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