Yes, honestly, it is up to somebody personal strategy and long term planning.
For commercial, long term planning is needed and it is not easy as condo, buy and flip immediately ( where as might be doesn't look easy later on ) and much tougher to predict compare to landed house like Pentas or Temasya, because commercial can be dying for 1-2 years and rocks to the top in few months time, it is the matter of holding power as well as the quality of the owners of the lots surrounding you before the quality of the tenants rent from these owners.
For me, Freehold or Leasehold doesn't make bigger effect anymore, since I believe the current FH price is btw high and very high, so in terms of general appreciation, when future buyers unable to afford freehold properties, they might sacrifice to buy leasehold property at the next same door development, well, that's me, I used to worry Leasehold prop a lot but no longer doubt it after research with some gurus and market monitoring recently of the launches pricing.
If I able to generate more income from prop appreciation in next 3-4 years, I might consider rent it out and do the refinancing to cash out for further game, say, collecting 30% cash out from my current crops, I would definitely prepare to enter commercial one day, just too worry, anything would worth or shout 4-5mil minimum.
I am much prefer commercial, completed and matured with good tenant ready, ROI doesn't necessary to be high but ensure the tenant comes easily to fill it up, it is part of the immediate income to buy further, hehehehhee.
Too many under construction no good, cannot buy further during this cool period.
yeah, what you said is workable.However it is easily workable if the lease period is still substantial. If your property lease is less than 50 years left, you might face problem to refinance or sell. Most probably, u will just take the rentals until it is time to renew. may be ur grandchildren's time to renew if everything goes well.
All these issue, you wont face with freehold commercial. and yeah freehold commercial may be crazily expensive but people may still be interested if rental could cover installment, depending on his/her objective. This is why I see people still buy RM3-4 mil commercial even though expensive. Just my point of view. As what you said, really depends on one's strategy