Reader: Hi AK,
Hello! I only found out about your blog in Jan this year and have benefitted a lot from your analysis and sharing.
I have been reading your recent posts about upgrading to private housing. I happen to work in a landuse planning agency, hence i would like to share my views. While i agree that one should not upgrade to a condo if it means overstretching your finances, i think getting a freehold property might be the only way to preserve the value of your property. For 99 year leasehold properties, they would eventually need to be returned to the state, and the value of the flats will depreciate after it hits around its half life. From the capital preservation point of view, especially for couples who have kids and intend to pass down their properties to their kids, wouldn’t it still be ......