Read? Spending So Much Time On Investing. Worth It Or Not?
99 Years Leasehold HDB 4 RM Home in Hougang is going to zero in 68 years!
From PropertyGuru, the last transaction price in his block
May 2016 4 Room flat , New Generation 1,001 $415,000
His gross profit = $415,000 - $55,000 = $360,000 over 31 years
His CPFIS net refund (net profit) over 18 years (2000 to 2018) is
$303K.
Home is not an investment property so it doesn't generate cash flow so it will have to depend on capital appreciation before it is too late for 99 years leasehold!
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