If they are trying to sell at 650k for 22x75 for the first phase, they better come up with better product and offering better advantages. As of now, that piece of land is still relative far or deeper compare to many other project. Not that i believe they will launch it cheaper at 500k, but to launch the first phase of a project on a big peice of empty land with starting price 650k is not a wise move.....

I think it is more appropriate to compare similar product within similar location or neighbourhood. Some leasehold could be more expensive than freehold due to location or project advantages. e.g. Tropicana house is more expensive than Taman Mayang ....

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Added on January 2, 2012, 4:27 pmD;island is positioning differently lah and targeting different customer ...they are very fortunate to be able to sell so many unit at such pricing in my opinion.

Canal city is a mass market township development. So, it will comprises of all type of houses, i dont think they will start with the expensive one first. Lake edge again is G&G with some facilities and its location is too far to be able to make a decent comparison. Again, i dont agree just compare by the nature of the title (FH or LH)....



This post has been edited by spydermind: Jan 2 2012, 04:27 PM

Unfortunately and general residential land price (referring to bungalow lot), tropicana indah or tropicana is more expensive than bandar utama.....

Please dont forget the factor of the surrounding, the ambient, the infrastructure and landscape.....

There are cases like this, but of course, if everything are exactly the same, freehold will be more expensive as you said. But it is not easy to find such similarity

AS much as i believe that a lot of current launches are slightly over priced, but if IJM priced 3 storey link house at 1.1-1.2 at that location with LH title....they must be nuts or naive....YOu have more establish township in Kota Kemuning / Kemuning Utama (mixed of new and old phase) , a new growing township in Alam Impian (plenty of choice below 700k), very cost effective township in Saujana putra (plenty of 300k+), niche market in Cyberjaya (Symphony selling 3S link at 1.1-1.3mil, with nice landscape and club house)

Crazy ...really....without knowing the actual town plan , layout , spec and the actual price.....

YOu are wrong. Technical and practically there is a big difference between LEasehold and FReehold in MALAYSIA. Try selling and buying those with lease less than 60-70 years? Try doing title transfer? Comparing with China is not proper in my opinion ... Why dont compare with those countries in which there are existence of freehold and leasehold

Secondly, there are plenty of land or properties expiring less than 50 years. ....

Near future, 5 yrs?? What do you mean?? Havent even sell the house yet already can commit to cinema and malls....amazing....We all know about town plan ...plan is plan ..the question is when and how?

No one have issue with your preference as that it is very personal. I respect that and i am not saying that die die must buy freehold either. But I am specifically sharing different view with reference to the following statements by you: Highlighted in BOLD.

"This piece of land is leasehold and its under Kuala Langat district. Whether it is leasehold or freehold, i think it doesnt make much of a difference ( I'm not saying there isnt ), as but the time the property lease is finish, you can renew the lease with a couple of thousand only.

Furthermore, I havent seen any leasehold in Malaysia which is expiring in the next 50 years. And by then, you would have decided to change house as most people will be complaining that the design or structure is old and outdated"

This post has been edited by spydermind: Aug 22 2012, 10:53 PM

...we are all here to share and learn..no hard feeling...

REnewal on leasehold property is very subjective and very much dependent on the standard consideration (need for redevelopment, changes in townplan, etc) and dont forget that political landscape may have certain influence on this. Yes, technically speaking, we can renew if the granted the approval (after the above consideration) and the fee is also very very different. SO, quoting a few thousand in KV might be a bit misleading. Fair, it does happened, some even got renew for free but that is after the intervention of political aspect of it.

We cant assume the renewal is guaranteed, that is my point on top of the fee required for the renewal.

Having said all these, i am reinforcing that fact that when we buy we need to be aware of this. Well, leasehold is not anything new but apparently still many investor not fully aware of the implication. We need to be aware of the certain degree competition it has got with freehold (like it or not). But as far as appreciation is concerned, it is kind of hard to make a huge different especially when the lease period is still pretty long. I have seen leasehold condo appreciated for more than 100% over the past couple of years. Also, Leasehold property (Tropicana, Tropicana indah, kota Damansara, etc) florishing well and established as major township.

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Added on August 25, 2012, 12:39 pmHaha....sometimes, the staffs acted upon their own guts feeling. But, since they are hired by IJM, they should at least share all the information objectively. We all know it is far, leasehold and not cheap, but then again, it is their job to sell the unique selling point or the value that normal people dont realized.

Over the years, really met with a lot of this "Buang Nasi" kind of sales people.

This post has been edited by spydermind: Aug 25 2012, 12:39 PM