klang valley is running out of freehold land hence developers have no choice but to buy leasehold for development.
But you can still get many good sub-sale freehold landed properties such as putra heights, USJ, setia alam, denai alam, sg long, Elmina , cyberjaya, putrajaya etc. Some subsale can even get at RM 600K
IOI tried to push landed leasehold 16 sierra with very nice concept but this area still not doing well. So many kunta kinte staying there now. Setia ecohill new landed freehold at semenyih also not doing well even subsale at RM 500K. Even freehold cyberjaya with nice concept and acessability also struggling.
The leasehold crowded area I can think of is Bandar baru bangi, shah alam seksyen 7, KD etc. But these landed properties were sold at affordable price long time ago. Also you will notice leasehold buyers are normally malay.
at current price of RM 700K at rimbayu, leasehold plus not very good location, I would give it a miss in my opinion. It may attract kunta kinte since these people like to hide in low profile places such as 16 sierra /venice hill and some parts of cyberjaya
Can you please define the meaning of "not doing well"? Occupancy? Property Appreciation? Rental? As we all know, new township project shall take time to grow I suppose. Any newly VP project example that "doing very well" in the past 6 months?
By the way, many units in Bandar Mahkota Cheras are leasehold and that are grabbed by chinese. Of course you may justify this by the low entry price last time, but the definition of "low" changes every year though..