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Free or Lease Hold, How important it is ?
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vreis
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 Jul 13 2007, 10:50 AM
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Freehold properties price is very good compare to leasehold. It will goes up faster.
BUT no matter freehold or leasehold, Gov have the right to repossess the land if it wants to. They only have to pay nominal compensation to owners.
Leasehold properties subsales is more complicated in the sense that You need state government consent which may take up to 1 yr, in which time you have to pay vendor compensation as the SPA agreement states that 3+1 mth for all prosedure to complete. BUT some of the leasehold properties won't need consent, depending on the area.
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vreis
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Jul 16 2007, 05:16 PM
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QUOTE(lonewolf @ Jul 16 2007, 04:19 PM) so what happens after the leasehold expires?..u have to move out and u loose all the $$?.. Normally about 20-30yrs before expiry, there will be renewal by Gov. Even if it really expires, the compensation paid will probably the same as if its not expired. |
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vreis
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Sep 3 2007, 04:09 PM
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QUOTE(bysquashy @ Aug 28 2007, 06:49 PM) Anyone experience taking loan on sub-sale leasehold property? It make a hell of different between freehold. I did. Just got my key today. Apparently the max. loan given by banks depends on the duration left of the lease & lease hold need Gov/Dev consent before can transfer name. It's pain in the arse procedure especially if your properties not in KL. Fortunately mine doesn't need consent. |
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