Wednesday, 12 February 2014

Saving matters but Investing determines - Part 3 (Re-posted)


Current hot topic on 99-year leasehold HDB as an asset

Old blog post on 28 Apr 2010


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4 comments:

  1. CreateWealth888812 February 2014 at 18:53:00 GMT+8

    We shouldn't include value of residential home HDB in our net worth calculation.
    Right?


    ReplyDelete
  2. RayNg12 February 2014 at 21:56:00 GMT+8

    I will include my residential property home as my net worth.

    It is true that leasehold property will depreciate overtime and end with no residential value. If this happen, my net worth is also affected accordingly.

    This residential home is classify under Fix Asset.


    ReplyDelete
    Replies
    1. CreateWealth888813 February 2014 at 07:45:00 GMT+8

      Quite true.

      Probably after high XX years, the market value of 99 leasehold is likely to be estimated in term of cumulative value of possible rental collections

      Delete
  3. Anonymous12 February 2014 at 22:14:00 GMT+8

    i agree because you can realised the value of this asset by downgrading to a smaller flat is one of the reasons.

    ReplyDelete