When not safe.. then it will be like bukit antarabangsa...
no house but yet full of unpaid loans.
Are Condos depreciating assets?
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 May 3 2015, 04:36 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld   
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May 3 2015, 08:19 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(sheahann @ May 3 2015, 03:06 PM) Next time my children inherit. By that time if cannot stay ady how. well u have skycrappers that last for over 120years,If mati dy already don't care, then no diff for freehold or leasehold. As for landed. The land is inherited and wanna rebuilt wat also easy. Just discuss only. One day if really the condo not safe to live in. What will be the action? Curious  we have multi storey ancient building last for thousand of years. |
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May 3 2015, 09:49 PM
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#43
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(sheahann @ May 3 2015, 03:06 PM) Next time my children inherit. By that time if cannot stay ady how. If the condo is not safe to live in, then demolish and built the new one, or develop the land into whatever kind of properties. Existing owners still joint own the land based on the strata property act. If mati dy already don't care, then no diff for freehold or leasehold. As for landed. The land is inherited and wanna rebuilt wat also easy. Just discuss only. One day if really the condo not safe to live in. What will be the action? Curious The land itself may worth a lot more compared what you have paid for the condo 50 years ago. |
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May 4 2015, 01:32 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(cherroy @ May 3 2015, 09:49 PM) If the condo is not safe to live in, then demolish and built the new one, or develop the land into whatever kind of properties. Existing owners still joint own the land based on the strata property act. Hmm....The land itself may worth a lot more compared what you have paid for the condo 50 years ago. Nice info.. |
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