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 freehold highrise advantage?, lifespan for condo/apartment

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TSguess0410
post Jul 22 2015, 07:36 AM, updated 11y ago

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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

TSguess0410
post Jul 22 2015, 10:57 AM

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Thanks for all the info and rpy..

ya. Agent told me that there will be no differences for highrise freehold n leasehold.
Then I recall the sad highland tower incident. Since the land is "share" among all units, I think that It will b hard for sell and redevelopment. So,I was wondering what is the advantage of freehold and is that worth for paying extra price in freehold.

Thats y the question pop up in my mind.

thx agn for the info sharing..



 

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