QUOTE(aaron1717 @ Apr 17 2018, 09:51 AM)
yea.... freehold land will only be acquired by them when they really have no choice... but for most redevelopment cases... i think they can decide to wait for those popular leasehold lands to run out of their lease and just retake it back for redevelopment...
having said that... wondering government should compensate for the building that was supposed to be on the piece of land or not... just compensate how much the building worth nett off the land price....

If the building is still there when the lease is nearing its expiry, then we'll have to see how the gov't handles the negotiation with the current owners, assuming that the lease haven't been renewed yet or they have plans to redevelop the plot of land its sitting on. But, as we all know, anything can happen before or up till that point.
Another scenario is when a developer comes along and 80% of the owners agree to sell their units to them. They buy up the whole condo, compensate the stubborn 20%, then takes over from there. Saves the gov't the headache of spending money to buy it.
All guesswork atm until the time comes.

QUOTE(A.B.D. @ Apr 17 2018, 12:03 PM)
R&M buyers today don't have to experience lh expiry. here is example from sg, lesson is if you won't move, buy lh condo that covers you until death.
http://www.straitstimes.com/singapore/hous...a-99-year-leaseif next of kin staying in condo until lease expire, assuming the building can even last so long, should just treat it as expenses. the above example, people watch their lh house value drop to zero. in pj case can just renew lease with rm1k. malaysia 1 - sg 0
but what happens in reality to old leasehold condos like >30-40 years old?
does management renew the condo lease back to 99 after certain years passed and spread cost to owners?
are old lh condos more prone to owners not paying maintenance due to feeling that they have no ownership of the land eventually?
I doubt leasehold or freehold have anything to do with errant owners not paying their maintenance fees. The condo I'm staying in is around 25 years dy, sitting on freehold land, but there are still about 20 or more unit owners who owe the management the maintenance fees, some stretching as far back as 3 months or maybe more.
Some of them could be investors or a small number of stubborn owners who insist on not paying a single cent on the maintenance.
This post has been edited by DesRed: Apr 17 2018, 11:13 PM