Andy,

There will be tremendous gains if there is change
of regulation for 99 year leasehold landed property. The foreigners are used to staying at houses in their hometown and not Condos.

The bank previously only lend money for property
with lease less not less than 60 yrs lease balance. It has changed their regulation and lends money to those with min 35 yrs lease balance
last year (if not in since 2006). Hence, the potential for this type of property is good.

In fact, the price differential between 99 year
old leasehold against freehold is too big a gap now. Thumb of rule for the price difference is between 20-25%. If 99 year leasehold gap is bigger than the indicated percentage, then it is good bargain. It is of two different market segments for 99 years leashold
property as well as for freehold property.

It pays less (factoring in mortage loan interest) and less affordable for 99 year than freehold.

In fact, there are quite good landed property with 99 years leasehold selling cheaper than freehold condos. Good to have 3 storeys terrace with gardens to run about as compared to single apartment Condo.

The bank interest is of all time low now and
it is great time to lock in now. The interest savings easily offset any price reduction if it happens.

Cheers!