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Free or Lease Hold, How important it is ?
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thenazek
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Feb 2 2023, 08:56 AM
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Freehold leasehold, tomato tomahto.
A Malaysian's average lifespan is only 75 years.
Even if you buy a 50 year leasehold property in your early 20's, high chances your life will end first before your leasehold does.
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mroys@lyn
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Feb 2 2023, 09:08 AM
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what if you want to sell your house at 40s? will the bank give loan to your potential buyer if you didn't renew the lease? QUOTE(thenazek @ Feb 2 2023, 08:56 AM) Freehold leasehold, tomato tomahto. A Malaysian's average lifespan is only 75 years. Even if you buy a 50 year leasehold property in your early 20's, high chances your life will end first before your leasehold does.
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Cavatzu
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Feb 2 2023, 10:44 AM
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QUOTE(thenazek @ Feb 2 2023, 08:56 AM) Freehold leasehold, tomato tomahto. A Malaysian's average lifespan is only 75 years. Even if you buy a 50 year leasehold property in your early 20's, high chances your life will end first before your leasehold does. Freehold is still valuable because of the idea of leaving a legacy for the next generation.
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Chanzeryl
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Feb 2 2023, 11:31 PM
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People can only live less than 100 years so no need freehold; People can only live less than 100 years so no need diamond; People can only live less than 100 years so no need gold; People can live less than 100 years so no need to save money; People can only live less than 100 years old so no need to own anything forever; People can only live less than 100 years so why not just get a leasehold Trust me, I don't need diamond, gold or money, I like to borrow and rent
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Cavatzu
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Feb 3 2023, 01:11 AM
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What I take issue is that people have been gradually brain washed into believing that there is no real difference - no big deal… so the premium between the 2 has eroded to almost nothing until it gets to subsale time…
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Ch0wCh0w
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Feb 3 2023, 01:24 AM
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Freehold strata is just a joke, especially with old condos.
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Chanzeryl
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Feb 3 2023, 08:50 AM
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Considering how leasehold owners do not have full control of their properties, they are only allowed to transfer the ownership with permission from the state government. The approval of the consent might take up to 6 months or one year. That could lead to a big problem when it comes to selling the properties in the future. The property value might decline after 30 years; as compared to its value in the early years. Hence, it might be a massive loss to the owners. Buying a second-hand leasehold property in Kuala Lumpur can also be a problem. Since the process of transferring ownerships takes up a long time, you might need to wait for about one year for it. But never mind, people cannot live for 99 years so why bother selling a leaseholder property, just return it to the government like how a law-abiding citizen should dutifully pay income taxes for the country's future development
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SUSSihambodoh
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Feb 3 2023, 08:54 AM
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QUOTE(Chanzeryl @ Feb 3 2023, 08:50 AM) Considering how leasehold owners do not have full control of their properties, they are only allowed to transfer the ownership with permission from the state government. The approval of the consent might take up to 6 months or one year. That could lead to a big problem when it comes to selling the properties in the future. The property value might decline after 30 years; as compared to its value in the early years. Hence, it might be a massive loss to the owners. Buying a second-hand leasehold property in Kuala Lumpur can also be a problem. Since the process of transferring ownerships takes up a long time, you might need to wait for about one year for it. But never mind, people cannot live for 99 years so why bother selling a leaseholder property, just return it to the government like how a law-abiding citizen should dutifully pay income taxes for the country's future development  Why bother selling a leasehold property? Because eventually their children will want to sell the property and there will always be a sucker who thinks that government must renew the lease and only at a cost of 1k ringgit.
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Ch0wCh0w
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Feb 3 2023, 09:31 AM
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High rise condos are usually cash flow gameplay in the first place, not many have capital appreciation, especially the pricier freehold condos. Freehold strata does not mean you're safe from the government either.
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StupidGuyPlayComp
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Feb 3 2023, 09:33 AM
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QUOTE(Ch0wCh0w @ Feb 3 2023, 01:24 AM) Freehold strata is just a joke, especially with old condos. I believe nobody dare to live in high rise building after 100 years, in Hong Kong 40-50 years they have to demolish due to structure safety concern
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Chanzeryl
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Feb 3 2023, 11:06 AM
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TS is asking about Free or Leasehold?
But a lot of replies here are instead arguing freehold high rise or strata is a waste of money and then trying to conclude freehold and leasehold same same.
Why the deafening silence on freehold landed property though? Still better than leasehold landed property?
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Ichighost
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Feb 3 2023, 11:19 AM
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freehold always better than leashold, as simple as that on theory without considering other factors.
in reality once you consider other factors, you may find a lot of better leasehold product, better location, better price, better appreciation and better overall development.
if none of the above important to you, simplest answer will be freehold always better than leashold.
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Ckmwpy0370
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Feb 3 2023, 03:40 PM
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Freehold land is limited nowadays especially in KL surrounding Therefore, most of the new developments in KL area are leasehold instead
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Ch0wCh0w
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Feb 3 2023, 04:15 PM
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Landed freehold individual title is definitely good. Anything freehold with strata title would just be the same as leasehold with strata title I'm afraid.
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