Min 1000 with condition cannot sell until the balance from full amt paid off.
Formula for calculating is in here
http://thecharmofpj.com/leasehold-renewal-in-pj/

If landed house then only one owner is easier to get full consent.
Problem for leasehold strata if not all owner got ready cash to renew the lease for the whole land area of the whole project.

correct me if i am wrong as this is what i know. nothing last forever. that includes artificial stone like concrete. the lifespan of concrete is approx 100 years. concrete will continues to gain strength over time in the first 50 years and will starts to degenerate thereafter. furthermore, the design of the building will be less desirable after a mere 30 years. god, people dont even go for residential building that aged mere a decade ago if given a choice. unlike landed property, one hardly alter the facade of a residential highrise after an extended period of time. the most is the management has the entire paintwork done.

i have only seen commercial building undergone extensive refurbishment work (provided it is located at a prominent location eg. kl centre) but never a residential building.

leasehold no need see, consider only freehold.

Reason: if everything else being equal, one is better than the other

When the supply is more than the demand, leasehold is surely a let down in long run.

For leased hold high rise; at end of lease and not renewed, could tear down and rebuild.

for free hold high rise; maintenance and upkeep is likely lacking after 30-50 years, will continue to decay to become a tomb.

Boring during cny, saw this thread and want to add my few cents. I have been around the world and seen my fair share of leasehold properties like Singapore and China. Actually if you Google freehold VS leasehold, all the pros and cons analyzed for you even in Malaysia market.

Using myself as an example, I bought a leasehold landed say 1m for easier calculation purpose. The lease is actually 129 years, ie developer already extended once for 30 years. Do take note of this. It is very important to know the number of years left when you get the keys, ie officially can move in. Differs from project to project. My case is if this year hand over will left 120 years. ie takes developer 9 years to plan, sell and build/handover. 120 years actually super long time. Normally after 20 years one will not want to stay due to wear and tear. Surrounding area within 15 mins drive at the moment all leasehold. In future developer might launch freehold.

Now we all know in theory leasehold should be 20% to 30% cheaper than freehold, all other things equal. Thus this makes valuation very tough since hard to find Apple to Apple comparison. Key is to find good value property whether freehold or leasehold. Leasehold just harder to find good value ie perception that freehold better.

OK with my case which I bought in 2018,do I regret? Of course I do because of the pandemic and not because whether leasehold or freehold. When it is time for handover then I have the big decision to move in or sell or rent out. Obviously the pandemic makes the latter two options tougher to implement.

Now why do I say the regret is not due to freehold or leasehold. I heard rumors that state govt and developer might need more money now, so possible to apply for freehold directly at handover for a costs. Exact costs I don't know. But I am assuming 20% to 30% more, if maybe less than 15% or even 20% I might consider. Above that I won't. Why? People keep saying value blah blah. As I said I will still have 120 years if handover this year. From pictures already almost built and now waiting for handover. You have to know due to inflation, the value of say 20% ie 200k that you pay now will be worth so much more after 120 years. Of course you can argue the land would costs more after 120 years and easier to sell after 20 or 30 years etc. So in the most basic economic theory it means pay more now for future or spend those money for other immediate consumption.

So for my case I rather not opt for freehold if given a chance. Maybe after 120 years whoever inherited the house might scold me, but I would have that upgrade money to spend in the very near future. Now if the option to upgrade is less than 15% I might consider.

That said, within that same piece of land under that developer that in the near future they will build the next phase with freehold. After they build up other amenities and resorts etc. If those freehold of same land size and build up area sells for not more than 20% to 30% higher than what I paid for, assuming 1m, then I would kick myself for buying that leasehold. But I have, a feeling those future launched freehold would sell for at least 20 to 30% or more expensive due to the township being more mature and costs of freehold. Time will tell.

So folks, should I upgrade to freehold if costs not more than 20% of my purchase price? Would you?