What is the discount factor for a 30-year-old landed property?

For a 30-year-old 999-year leasehold semi-detached property in District 10, the discount factor due to the age of the property and the remaining lease can be significant, although it is not as pronounced as for properties with shorter leases like 99-year leasehold properties.

Here are some key points to consider:

- Lease Duration: Since the property has a 999-year lease, the remaining lease is still substantial, which generally maintains the property's value better compared to shorter leasehold properties.
- Age of Property: A 30-year-old property may show some signs of wear and tear, which can affect its price. However, well-maintained properties can still command a good price.
- Market Demand: The location in District 10, which is a prime area, can mitigate some of the age-related depreciation due to high demand.

In terms of pricing, a 30-year-old semi-detached house in District 10 might see a slight discount due to its age, but this is often offset by the property's condition, location, and the long remaining lease. The average price per square foot (psf) for such properties can still be relatively high, often in the range of $2,000 to $3,000 psf, depending on the specific location, property condition, and other factors.

To get a precise estimate, using EdgeProp's Research tool and Market Trends tracker can provide more detailed and up-to-date data on past transactions and current market trends for similar properties in District 10.