Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 Free or Lease Hold, How important it is ?

views
     
aaronpang
post Apr 11 2007, 10:21 AM

Cat Exterminator
******
Senior Member
1,979 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(kobe8byrant @ Apr 9 2007, 10:43 PM)
ALWAYS GO FOR FREE HOLD. lease hold, once ur lease over, u can renew for 99 years but u have to pay a substantial fee and what if gorv want develop the land there? free hold, no prb
*
Actually that's more of a myth... freehold also is not safe... if the government wants to they can invoke certain clauses and seize your property. I believe it's similar to the case that involved the owner of the Coliseum Theatre....

I remember the incident when the government tried to use a crooked law to rob the owner of his property and pay peanuts for a building worth millions.

It happened just last year...
aaronpang
post Apr 16 2007, 03:04 PM

Cat Exterminator
******
Senior Member
1,979 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(kitman @ Apr 16 2007, 02:55 PM)
you may claim it's a myth but come to resale value - freehold is always better than leasehold.
*
What are you talking about?? rclxub.gif
aaronpang
post Apr 18 2007, 07:40 PM

Cat Exterminator
******
Senior Member
1,979 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(smwah @ Apr 18 2007, 10:57 AM)
yeap, especially in puchong area. Ex mining area but still leasehold.
*
and its selling price is more than freehold property esp YTL Lake Edge... hmm.gif

This post has been edited by aaronpang: Apr 18 2007, 11:31 PM
« Next Oldest · Property Talk · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0159sec    1.08    6 queries    GZIP Disabled
Time is now: 23rd December 2025 - 11:24 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.