it can also be a scenario that your neighbour also demolish everything and rebuild the bungalow to a 3 storeys or he sells to a buyer. the buyer will rebuild. you can see this in subang jaya ss18 semi ds and ss19 bungalows.

Good luck suing Bee End government. You can never win. Dont know what happened to that Johor area where they want to take the land for oil and gas factory or something. I think the place was Pengerang? I forgot.

wonder if leasehold can be disposed as easy as freehold? anyone has any experience?

wonder how many buyers will be discouraged by the leasehold factors for subsales

from sub sale perspective, yes..how many years remains on the property plays an important role in the property value

I bought leasehold landed over 60yrs remain bcoz good location and cheaper. Freehold way too pricey and location can be far away for some. I hate to stay in neighborhood with little tenancy too. Most new properties are bought for flippers and need some times for actual ppl come move in.

Would you pay for a freehold bandar utama house or leasehold parkville house?

Would you pay for a condo in 9 Bukit Utama or Armanee Terrace 1? Assuming all factors are constant and you have the cash. Please give rationale.

good location but cheaper . why ? bcos LH loh . that is the reason some ppl don't go for LH .

u can do it if u cash rich , demolish n rebuild all in cash ,don't think u can get loan to do it .
if I cash rich till that level , I prefer to invest 2 -3 new launch better . lol

For me, i prefer FH as my first house then the subsequent doesnt matter much either LH or FH as long as i dont stay or keep them too long. At the end, i keep all FH and dispose LH.

This post has been edited by yang1976: Jul 26 2013, 09:04 PM

My qs friend told me 600-900k can build a good quality 3 storey bungalow

Bungalow, I always advice just buy land and build by yourself. all bungalows with the same architect look very boring. Rich people should not wear uniform..

leasehold can be convert to freehold....... just go & pay the premium laa......

oh really ? perak pkr no more in power ledi.

Leasehold converted to freehold, Chong_lc? I thot you can only extend the leasehold (or rather renew the leasehold) with a premium....

If not mistaken, it is based on the land size value by the government authority ( not self valuer ) and not the property cost / value or not including the building cost.

Assume the balance of the lease period is 20 years, assume the RM1mil superlink land size is huge at 2000 sq ft and the current market value for the land is RM 200 psf. ( it should be much lower by the the land only has 20 years lease remaining ) and I was told that the State Authority normally value it much lower than the market rate by the valuers firm.

The formula should be ;

0.25 x 0.01 x 79 ( years ) x 200 x 2000 = RM 79,000

The other cost would be RM 500 burial cost, lawyer fee of RM 1000-2000 and Admin Cost of estimate RM 500-2000 ... I don't think it is RM 200k high.

Btw, if a 2000 sq feet land area leasehold linked house is cost RM 1mil with lease remaining 20 years, to spend RM 85-90k for the renewal to 99 years is worthy and ultimately, the property may shoot up to > RM 1.5mil ( just my imagination )

In the other way, if a leasehold land prop with less than 20 years remaining is worth RM 200 psf, then the value of the land itself is much higher with 99 years renewal bcz market value is higher than State Authority value.

Under Selangor State, the renewal is under promotion of only RM 1,000, provided you do not sell the property and allowed to pass to the family members. Meanwhile, if you do not wish to activate this option, you can have the next option of paying full premium ( currently with 30% discount ) and can sell the property immediately.

IMO, as long as the state government is willing to renew the lease extension, it is worthy if your property location is ideal and the market value is good if 99 years conversion successfully done.

Maybe bro Chong's property is in PJ?

How about the lease extension or PG? Same as Selangor?

how you got your calculation?

my was based on this article.

http://www.theedgemalaysia.com/highlights/...ust-rm1000.html

i totally agree wif u! for condo, doesn't matter FH or LH...