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Dear Gurus, im intending to purchase a B1 industrial properties for own usage

Came across some property with the sizing that we required. However its has left 26 years balance lease outta 60 years leasehold

Would it be worthwhile to buy such property? What would happen after the 26 years, would the property be returned to state or developer without returning our capital paid throughout the 26 years?

Or would the property still be saleable say after 10-20 years?

Thanks for the advice
Advinc
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5 Answers

D. Kumar
Replied
Hi Advinc,

Perhaps we could schedule a meet up so that I can take the opportunity to understand your objectives and expected returns to chart out some figures and illustrate accordingly the sales transaction analysis to help in the decision making. Being guided and walked step by step by a professional realtor will definitely put you in an advantage; as you're in a better holding position with negotiation power as well as are equipt with the data and tools we have on hands to ensure you're getting a good deal. Furthermore, there is no agent fees involved. Hence my consultation and assistance rendered comes at no cost, yet your welfare is protected. Thanks!

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  • WV
    Replied
    Hi Mr Kumar, please see if you can address to my questions first before we make contact for further disussion.

    We are ending our current lease only next year Oct, hence still have time ahead.

    Thanks
    Advinc
Geryl Lim
Replied
Hi Advinc,

It is advisable to consider newer projects if you are considering exit plans in general. Usually it is not because of the balance tenure of a property that reduce the attractiveness of purchasing the property but the available financing options which are restrictive. For properties with short balance tenure, the banks are less likely to disburse full loan amount usually given to newer developments, which means more cash needs to be pumped in for the purchase. In business sense, the lock up in cash is highly unattractive therefore does not make business sense.

Nevertheless, if your plans are long term in utilising the business space, it makes perfect sense to acquire such a property as they usually come cheaper than the newer projects and makes it a worthwhile investment over time.

As with other properties with expiring lease, there will be no returns of the capital input towards this property and the only hope for such projects is for collective sale to happen prior to lease expiry.

Are you referring to Sindo Building?

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Geryl LIM
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Able S.K Toh
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Able S.K Toh
Replied
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255 

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Able S.K Toh
Replied
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255 

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** Connect Singapore Line: (65) 9856*9255

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