I dont fully understand what you are trying to say bro.

People submit lease renewal all the time to state land authority.
Lease renewal rate is primarily based on the land price psf.
As long as land psf submitted is based on market psf value of the land in the area and is backed by registered valuer objective valuation. I don't see why the state would not approve the lease renewal.
Besides, normally people dont do it with 20 years left on the lease. If you are smart, and you know you will sell your leasehold home in the future, you will do it when there is a recession e.g when land price is depressed. ;-)
If one dont plan to sell, just pay the $1k and they are done.

What I was trying to show in my example above is that the premium for lease renewal is not really as bad as what most people perceived.
I can argue that, in general, a FH property can be 10%-20% more expensive than a similar LH property, the FH buyer will pay the 'price premium' upfront in the price of the FH property vs paying the lease renewal premium later for a LH property. (Note: I am not saying FH is bad vs LH. There are market for both type of properties).

You assume too much including your own fact. Try to renew your LH within 20 years and see what will happen.

That being said, entire rimbayu are selling at premium even for it is a FH. That what previous posters were kind enough to point it out for you.

Those are facts. e.g. $1k lease renewal premium if the owner dont sell the house (Selangor only) and the lease renewal premium calculation formula if one plan to sell eventually.

I think you are just being too negative and ignorant on LH tenure. It is OK. I used to be like that too.
You can go do some research. It is not as bad and or as negative as what most people have perceived. Homeowners only pay (lease period – years remaining on the lease) to top up the lease back to 99 years etc. If homeowners, divide it by further by the number of years he owns the house, the annual of the premium is really small each year. In my example above, it only comes up to $11942/ 29 years = $412 a year (for the value of land = 100psf scenario). One can compare that cost with a FH property in the same exact location that may cost 10%-20% more e.g. bigger mortgage, more interest paid to the bank etc.

For the renewal within 20 years expiration scenario you mentioned, one typically dont wait until last minute before renewing the lease. But if someone really end up in that situation, assuming he is the first owner owning the property for 30-79 years. Congratulations. He will be sitting on massive capital appreciation profit that can be used to offset any premium he needs to pay to renew his lease in order to sell.

For East Malaysia states like Sarawak etc, majority of property sold are 60 years/99 years only. People have been doing lease renewal for years. Unfortunately, Sarawak folks dont have the favourable lease renewal rules like folks in Selangor enjoy e.g. $1k lease renewal

For places like Singapore where land is really scarce, people have already look past the FH vs LH factor.
https://www.asiaone.com/singapore/freehold-...-great-it-seems


As for Eco Sanctuary or BR premium pricing that the previous posters has mentioned, we/I have already discussed this earlier.
QUOTE(trust4you2 @ Sep 25 2019, 05:10 PM)
Why want to buy here leasehold land? better buy Elimina free hold or alam damai freehold wad. pay so expesnive get lease hole niamaiiiiiii
*
Regarding your question, Elmina vs Eco Santuary etc.
One is Klang Valley north, the other is Klang Valley south. One is Sime Darby branding, the other is Eco World brand. If you visit and compare both developments , you can see and feel some differences in the home architecture and environments. Every buyers are entitled to their own preference and tastes. I am aware that a lot of ES buyers are attracted with the EcoWorld branding, the ES modern/contemporary/Cubism home architecture, the resort-like facilities and the close proximity to at least 3 international schools for their kids. Eco Sanctuary is marketed as a luxury home. I believe most ES buyers are successful in their own way as these are expensive homes and they can afford it. Some may buy the ES home to show off their wealth and make a statement of the lifestyle they have. e.g. Grandezza Altimo super bungalow etc.
Regarding LH vs FH.
This topic has been discussed so many times. I am sure many of these smart, successful and wealthy ES home buyers thought well about this factor.
There are more factors that need to be taken into considerations when buying a home other than the LH vs FH factor. Obviously freehold is nice to have but other factors like affordability, neighbourhood/environment and location are more important.

Just to add to the point made earlier, Canal City appears to have a lot of Malaysian Chinese owners as I observe most buyers/owners are Malaysian Chinese. Thus, we can see at least two chinese schools are being build here SRJKC at Tropicana Aman and special Ed Sau Seng Lung Chinese international school . The other chinese school nearby are SRJKC Chung Hua Kota Kemuning and Chinese Taipei International school. The 'Ong' factor is there to start with for this young township. (Note: I am not being racially biased here, I am just stating what i have observed)

In addition to that, due having 2 International schools within the township, close proximity to KLIA and Mitsui Outlet, agents have been telling me that they are getting more and more enquiry daily from Korean moms/family or Japanese moms/family in search of long term rental in this location as they want to try out tropical resort style living. These families are looking for quality and 'affordable' English education for their kids at these international schools using them as a springboard before they send them to Australia, UK or American universities.

This post has been edited by willyboy88: Sep 29 2019, 01:29 AM

So ES worth buy?? its price seems to top the list for KL outskirt projects... or wait UEM acquire then only decide???

ES worth or not worth buy. You have to decide for yourself after considering all the different factors that are important to you.
For a lot of rich owners here, they think it's worth it.
Your life and their life are different.
Good luck shopping for your home.

ES very much out of ur budget. Can aim Rimbayu new launch Starling.

Hmmm, maybe like the below.. Consider neighbour project see see..

The 20x60?? Haven't launch i guess... To compete with ES 24x60, Tropic 20x65?

Is depending on your budget and the lifestyle you want.

Better for u to visit their sales galleries to do ur own comparison. ES 24x60 will be priced way way above BR 20x60. Which is worth for u only u can answer. Asking other ppl whether is worth for u or not is pointless

That's correct for Ah Biang

Sometime we ned more advices as one may overlook some important points, hence asking others for review or comments could be another good approach.. Unless one blindly go in n book straight after get amused by the landscaping or furnishing... Dont u agree as well? I guess only those agent wish to hv more this type of water fishes..

Living in ur dream world

Then don’t be a water fish by asking different sales representatives from the developers. Do ur due diligence. Ultimately it is ur decision. Nobody is liable to ur decision, even with all the advice given

Asking diff sales representative?? Why said so?

Yes, of cos ultimate decision is by the buyer... Forumer shud know that there are agents, paid forumers that busy praise the project, and to differentiate them... So advices can be a reference but may not trust fully.. But who know if thoze experience forumers might gv some good advices here..

BR < Tropicana < ES
Different leagues for individual schemes of projects. But you still can enjoy the other facilities equally provided by each developer.

I also notice few Korean families staying here. Canal city will become a high end residence area.

Those who dont like LH, pls dont buy Canal City.

Especially the Tropicana/Eco land.. the lease started in 2011... u buy now... u better get it in B&W that they will renew/refresh the lease for you prior to handover otherwise you will be losing 10 yrs.

Go buy your fav FH..

This post has been edited by MeToo: Sep 30 2019, 01:01 PM

Just curious, why korean will make it high end??

not only korean, got american, japanese and taiwanese

There is a very healthy Taiwanese community in Kota Kemuning/Bukti RImau thanks to the school. Not sure about Canal City though