The tenure of a property has always been a factor when purchasing a condominium. Most buyers would prefer to have a Freehold tenure condominium compare to 99 yr leasehold.
Previously, Central Provident Fund (CPF) does not allow its members to use savings to buy properties with leases less than 60 years remaining. But this has changed to 30 years remaining. And with this change, the line between leasehold and freehold is increasingly blurred.
"Long term prospect for the 99-year leasehole properties now look much better with the precedent set by Eng Cheong Tower. Successful new leasehold developments include The Sail @ Marina, The Berth @ Sentosa Cove and 8 @ Mt Sophia. So when it comes to it, property is about location. Tenure is important but still secondary." (ST June 30, 2005 - Property Watch)
You should visit Kovan Melody, a brand new soon-to-TOP development next to Kovan MRT. It has full condo facilities and vast amenities including Heartland Mall, banks, and hawker centre - just opposite the condominium.
So why wait? Come down today or call me @ 9185-0641 for viewing appointment.
Cheers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment