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 Does LEASEHOLD really concern you?, Sub-sale Serviced Apartment

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Crystal2
post Jul 26 2013, 12:17 PM

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After 15 to 20 years, most condominiums or apartments are so run down that it makes no difference whether it is freehold or leasehold - nobody wants to take over or buy unless it is dirt cheap. Different story when it comes to landed - better to have freehold as most owners will sell or renovate after 10 to 15 years.
petlu28
post Jul 26 2013, 12:21 PM

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Yup. My friend buy leasehold landed below 6 month already can get key.

QUOTE(AMINT @ Jul 26 2013, 11:50 AM)
selangor now very fast bro.
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kochin
post Jul 26 2013, 12:22 PM

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QUOTE(steve88 @ Jul 26 2013, 11:51 AM)
True... im one of them who bought leasehold on september 2012 and till now havent get my keys...
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where is your place?
y so long?
37 Exposures
post Jul 26 2013, 12:28 PM

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QUOTE(UFO-ET @ Jul 26 2013, 12:08 PM)
Pls do research in other country like China, Singaopre, HK etc
When land / land supply become scarce, the reducing in the lease will be accommodated by the increase in land value.
Many houses in Singapore which has lease <30 yrs are selling like hot cakes, my Singapore client has let go a factory (with 1 acre of land) with lease remaining for 7 yrs, sold at $3.2 mil last year. The lease can't be renewed anymore. If not mistaken, China lease is only 40 yrs, our 99 yrs lease is indeed very good already
Freehold is important but not the sole factor for house. Land is more crucial
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I think China is 70yrs..
In Spore, either 99 or 999yrs..and their car also "leasehold", 10 yrs only thumbup.gif
steve88
post Jul 26 2013, 12:57 PM

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QUOTE(kochin @ Jul 26 2013, 12:22 PM)
where is your place?
y so long?
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Its a condo in selangor... the owner havent get strata title... need to do double transfer... have no idea when can get my keys...
Selectt
post Jul 26 2013, 01:00 PM

wattttt!!
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QUOTE(UFO-ET @ Jul 26 2013, 12:13 PM)
Compulsory Acquisition Act
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Not easy to invoke such law unless the state government prepare for backflash. I m not sure what they mean land value and not property value.

measurement are:

a) Compensation to be paid must not be only for the Land taken; and
b) Compensation to be paid must also be for other losses suffered in consequence of the compulsory acquisition of the Land.

http://www.nst.com.my/red/cover-story-what...rnment-1.178872
skcJVN
post Jul 26 2013, 01:04 PM

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Lease hold less than 60 years , new buyer difficult to get loan from most of the bank .
Selectt
post Jul 26 2013, 01:08 PM

wattttt!!
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also remember the state and federal government can be taken to court or can be sue.
37 Exposures
post Jul 26 2013, 01:19 PM

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QUOTE(skcJVN @ Jul 26 2013, 01:04 PM)
Lease hold less than 60 years , new buyer difficult to get loan from most of the bank .
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If bank can solve this issue and our g can shorten the time of double transfer, subsale definitely can significant increase! rclxms.gif
nkhong
post Jul 26 2013, 01:25 PM

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QUOTE(Crystal2 @ Jul 26 2013, 12:17 PM)
After 15 to 20 years, most condominiums or apartments are so run down that it makes no difference whether it is freehold or leasehold - nobody wants to take over or buy unless it is dirt cheap. Different story when it comes to landed - better to have freehold as most owners will sell or renovate after 10 to 15 years.
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Agreed!!

Dont think high rise building can last for 99 years, so why bother?
37 Exposures
post Jul 26 2013, 01:25 PM

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Anyone here know about leasehold properties in oversea, usually how long can it be done in transferring that lease to another?

This post has been edited by 37 Exposures: Jul 26 2013, 01:27 PM
AMINT
post Jul 26 2013, 01:30 PM

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QUOTE(Crystal2 @ Jul 26 2013, 12:17 PM)
After 15 to 20 years, most condominiums or apartments are so run down that it makes no difference whether it is freehold or leasehold - nobody wants to take over or buy unless it is dirt cheap. Different story when it comes to landed - better to have freehold as most owners will sell or renovate after 10 to 15 years.
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wah u made me want to open a thread:

In 15 years, what will happen to your high rise, rental and capital appreciation.

In 15 years, what will happen to your landed, rental and capital appreciation.


Imho, for landed in 15 years, rental will keep up with your installment and also capital appreciation especially those fng and gng. for high rise, rental roi can be a bit high but will stagnant and may stop altogether if the building is not maintained properly (malaysia maa). capital appreciation would have stopped yearsss ago.

This post has been edited by AMINT: Jul 26 2013, 01:31 PM
37 Exposures
post Jul 26 2013, 01:50 PM

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QUOTE(AMINT @ Jul 26 2013, 01:30 PM)
wah u made me want to open a thread:

In 15 years, what will happen to your high rise, rental and capital appreciation.

In 15 years, what will happen to your landed, rental and capital appreciation.
Imho, for landed in 15 years, rental will keep up with your installment and also capital appreciation especially those fng and gng. for high rise, rental roi can be a bit high but will stagnant and may stop altogether if the building is not maintained properly (malaysia maa). capital appreciation would have stopped yearsss ago.
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But for landed in Selangor still got many rent out less than montly installment! rclxub.gif
RM1100-RM1500 only shocking.gif
surf-it
post Jul 26 2013, 01:58 PM

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QUOTE(37 Exposures @ Jul 26 2013, 01:50 PM)
But for landed in Selangor still got many rent out less than montly installment!  rclxub.gif
RM1100-RM1500 only  shocking.gif
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old landed u are referring to. Nowadays ppl who rent prefer lifestyle concept living as well, condo used to offer that a lot. However with the rise of lifestyle community concept in landed properties, the rent for these kind of landed will catch up to condo.

However, old landed have good appreciation typically based in good location and own stayer can always demolish and rebuild. Rental ROI, not so much unless you found some hidden gem which sell at reasonable market price. I have 40 yo landed which is rented out and covers installement...
SongSongLai
post Jul 26 2013, 02:10 PM

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QUOTE(surf-it @ Jul 26 2013, 01:58 PM)
old landed u are referring to. Nowadays ppl who rent prefer lifestyle concept living as well, condo used to offer that a lot. However with the rise of lifestyle community concept in landed properties, the rent for these kind of landed will catch up to condo.

However, old landed have good appreciation typically based in good location and own stayer can always demolish and rebuild. Rental ROI, not so much unless you found some hidden gem which sell at reasonable market price. I have 40 yo landed which is rented out and covers installement...
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Freehold landed is a gem!

This post has been edited by SongSongLai: Jul 26 2013, 02:24 PM
faReZheLmi
post Jul 26 2013, 02:26 PM

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I dont mind buy leasehold. As long that property produce good income. And above 60 years.
skcJVN
post Jul 26 2013, 02:26 PM

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QUOTE(SongSongLai @ Jul 26 2013, 02:10 PM)
Freehold landed is a gem!
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The problem is cant find hidden one . Sigh !
SongSongLai
post Jul 26 2013, 02:35 PM

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QUOTE(skcJVN @ Jul 26 2013, 02:26 PM)
The problem is cant find hidden one . Sigh !
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Some people buy a "ugly" single storey bungalow in good lacation then demolish it and build a new 3 storey bungalow!
SUSUFO-ET
post Jul 26 2013, 02:41 PM

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QUOTE(SongSongLai @ Jul 26 2013, 02:35 PM)
Some people buy a "ugly" single storey bungalow in good lacation then demolish it and build a new 3 storey bungalow!
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The essence is you can't buy surrounding environment, I call it X-Value
You can spend 10 mil to rebuild yr mansion, but your neighbour is still a single storey damn ugly bungalow
The truth is lot of new bungalows built by owner himself are old fashion, ugly

My Fren bought a piece of bungalow land measured 6K l/a, designs and builds his own bungalow, he purchases all the building materials and engage foreign workers to do, he claims that he saves 500K on building cost, total spend 1.0 mil in building, but in my eye, the building is very hard to sell even it is brand new, it only worth max 500K in the eye of a new purchaser, it is very hard to sell if the bungalow is old fashion

My advise : my fr developer, it synchronize all the pattern

This post has been edited by UFO-ET: Jul 26 2013, 02:51 PM
SUSAmayaBumibuyer
post Jul 26 2013, 02:44 PM

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QUOTE(UFO-ET @ Jul 26 2013, 12:08 PM)
Pls do research in other country like China, Singaopre, HK etc
When land / land supply become scarce, the reducing in the lease will be accommodated by the increase in land value.
Many houses in Singapore which has lease <30 yrs are selling like hot cakes, my Singapore client has let go a factory (with 1 acre of land) with lease remaining for 7 yrs, sold at $3.2 mil last year. The lease can't be renewed anymore. If not mistaken, China lease is only 40 yrs, our 99 yrs lease is indeed very good already
Freehold is important but not the sole factor for house. Land is more crucial
*
WOW! This is very very good way of looking at leashold. I never thought about it that way. 99 years, land scarce population increase..inflation some more. So dont care if leasehold or freehold. Just buy. Just pray that the government dont take the land.


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