QUOTE(3sixty @ Jul 29 2016, 07:46 AM)
Hi all
I have been offered an option for two properties:
1) Freehold, 4 bedroom, 1800sqft
2) Leasehold (99 years remaining), 4 bedroom, 2300sqft
Both are the same price, both in the same location (around 2min drive between them), similar facilities but option 2 is 1 year older (both are new and completed this year and last year)
At what point, in your guys opinion, is the crossing point where it makes leasehold more worth it?
I have always been against leasehold and opt for freehold, because of the sale price in future and also because the demand will be a lot lower when I come to sell.
This is for own stay, not for investment and I expect to stay there around 5-10 years
My question is that the RM/sqft for the Leasehold is a lot lower and the space is a lot bigger for the same price, but the downside is it is leasehold. Does the cheaper RM/sqft and bigger space make it worthwhile to go for leasehold with all the problems it has?
In case of you're unemployed or unable to continue paying housing installment, when you intend to sell the house, leasehold unit will be more difficult to sell and expected lower price than freehold - meaning less profit.I have been offered an option for two properties:
1) Freehold, 4 bedroom, 1800sqft
2) Leasehold (99 years remaining), 4 bedroom, 2300sqft
Both are the same price, both in the same location (around 2min drive between them), similar facilities but option 2 is 1 year older (both are new and completed this year and last year)
At what point, in your guys opinion, is the crossing point where it makes leasehold more worth it?
I have always been against leasehold and opt for freehold, because of the sale price in future and also because the demand will be a lot lower when I come to sell.
This is for own stay, not for investment and I expect to stay there around 5-10 years
My question is that the RM/sqft for the Leasehold is a lot lower and the space is a lot bigger for the same price, but the downside is it is leasehold. Does the cheaper RM/sqft and bigger space make it worthwhile to go for leasehold with all the problems it has?
Jul 29 2016, 10:01 AM

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