3 ms·

i don't have data to back this up, but i'm sure the data is out there, given how meticulous the singapore government is with their planning: - i can't imagine

by nopzor 4y ago

i don't have data to back this up, but i'm sure the data is out there, given how meticulous the singapore government is with their planning: - i can't imagine the government will elect to demolish and resell the land to a new developer in the majority of the housing stock as it comes due. therefore, many of the residents will get a pay-day at the end of the 99 year lease, which will soften the blow of the lease end. - this is all already priced into the property you buy, and you're doing it with your eyes wide open. what determines the price of the property you buy? factors like: (1) the closer the property is to the 99 year mark (2) the more the run down it is [and therefore likely to be torn down] (3) whether or not the property makes sense given evolving zoning/use/density/purpose requirements.

valarauko 4y ago
The issue is that at this point it is a largely theoretical exercise, and we don't really know how things will turn out when the leases do run out. There's a lot of things that have to align for things to go smoothly, and while you seem confident that the SG government will figure things out, I'm not sure that could work in probably any other country. Indeed, we don't really know if SG will handle it competently. Time will tell.