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> Freehold VS Leasehold, Gain VS Loss?

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beginner99
post Nov 27 2014, 10:59 PM

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Hi All,

I am looking for a property near KL area. But it is a leasehold property with only 70+ years remaining.
Furthermore, it is a bumi lot. Should I take the risk and proceed with this unit?

Is there really a concern on buying a leasehold near KL area?

Please advise.

Thanks.

beginner99
post Nov 28 2014, 12:06 AM

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QUOTE(corleone74 @ Nov 27 2014, 11:21 PM)
i think bumi lot is more of a concern than LH.  nod.gif
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Thanks. Yes, i have two concern on buying this house (leasehold and bumi lot). But it is very hard to get a landed property below 700k nowdays in KL area.

Usually how long does it take to take the consent for bumi lot?
The most risky part is loss legal fees for S&P about 5k.....
beginner99
post Nov 28 2014, 12:32 AM

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QUOTE(lynforum @ Nov 28 2014, 12:26 AM)
near means which area?
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Pandan Jaya
beginner99
post Nov 28 2014, 09:55 AM

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QUOTE(PACINO @ Nov 28 2014, 09:51 AM)
but then you have to settle for half the build up size , trouble to walk up daily to carry items , no gardening rights , and less space to design your house.

I would go for landed anytime , unless you got a budget to hit 2k sq ft condo , at a prime spot which allows convenience to buy groceries and lifestyle.
And this most likely wont come in anything less than 1.8mil onwards.
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Yes. Agreed. I feel the pain as I am staying at Condo now. Looking at the landed property price gone up so FAST, trying to catch one before too late.... but look like this unit too risky to go ahead?

beginner99
post Nov 28 2014, 11:46 AM

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QUOTE(gulstein86 @ Nov 28 2014, 11:26 AM)
I have friend that bought LH bumi lot in Puchong and sell it to non bumi..
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How long does the whole process took? 6 month? what is the process and what if it does not approved? Bank loan will cancel automatically?
beginner99
post Nov 28 2014, 02:48 PM

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QUOTE(lynforum @ Nov 28 2014, 02:28 PM)
Puchong isn't a bumi dominant area.
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But Pandan Jaya I can see quite a lot of non-bumi staying.
OK. Thank you all. Look like I already got the answer now. smile.gif
Better look for others option. smile.gif

beginner99
post Dec 3 2014, 02:16 PM

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QUOTE(cfa28 @ Nov 28 2014, 10:16 AM)
Brp, if your budget is really RM700K and u don't mind sub-sale, there are plenty of choices for you

http://www.iproperty.com.my/property/searc...=&au=&sby=&ns=1

Just search some examples for you.

I personally always recommend Landed to ppl
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Thank you. smile.gif

Any comment on Serenia Garden, Ukay Perdana Ampang?

 

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