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-seemsAs 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
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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.
essay much cant beat the fact. transaction stat says it all.