Tan Kin Lian - Investment Journey 60 year leasehold property
A 60 year leasehold property in Bukit Timah is now selling at $1,500 psf. If it were a 99 year leasehold property, the value would be 23% to 39% depending on the assumption of the real yield (1% and 2% respectively). 

This means that a 99 year leasehold property would be between $2,090 psf or $1,853 psf. 

A price of $2,090 psf in Bukit Timah for a 99 year leasehold property would be considered as attractive to the buyer. So, a price of $1,500 psf for a 60 year leasehold property is also attractive to the buyer. 

Several 99 year leasehold property in Bukit Timah are asking for $2,100 to $2,500 psf.

Tan Kin Lian

 

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