Jul 22 2015, 08:51 AM
QUOTE(guess0410 @ Jul 22 2015, 07:36 AM)
Hi,
gt few questions on those highrise building. freehold vs leasehold
1) How long can a new residential highrise apartment/flat/condo last before it is structural unsafe(complete evacuation)?
2) advantage of freehold over leasehold on these building?
3) whats the right of the both owner (freehold and leasehold) if the building become structural unsafe?
Thx
1) It has a lot to do with how the building is maintained. There are many highrise still standing for 60~70 years.gt few questions on those highrise building. freehold vs leasehold
1) How long can a new residential highrise apartment/flat/condo last before it is structural unsafe(complete evacuation)?
2) advantage of freehold over leasehold on these building?
3) whats the right of the both owner (freehold and leasehold) if the building become structural unsafe?
Thx
If the reinforced steel bar inside is not exposed, it won't corrode.
Steel doesn't corrode, then it will continue to provide the strength.
2) Make little different, except at latter stage of the property, and normally is irrelevant, as residential leasehold mostly is 99 years, which means beyond one life-span when bought time.
The concern on the property should be more on the location and building quality instead of it is leasehold or freehold.
Both freehold and leasehold property appreciated together when market boom time, in fact if the leasehold is in a more prime location, it can appreciate more than leasehold one.
3) Owners still joint own the land which can rebuild the building or sell off the land for other redevelopment.
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