QUOTE(IronManz @ Apr 9 2023, 10:48 PM)
If it takes a long time to develop the integrated city, by the time it does, there won't be many years left in the lease. Going for freehold integrated developments is more worthwhile.
I don’t see leasehold is a big issue
If the location is the same, and the price is different by 10%-20%, take freehold for sure, however different by 30% or more, leasehold could be a good bet
Many people can’t really figure out how long is 99 years
- Imagine if a man purchases a leasehold house at age 30, the lease remains is 99 years, assuming his son just born
- assuming he lives till 80 years old, the lease remains 49 years, his son already 50 years old, his grandson already 20 years old
- after his son pass away at age 80, the lease remaining 19 years, the grandson is already 50 years old, the great-grandson already 20 years old
and so on…
In short, a 99 years lease is able to let 5 generations to stay
When come to the expiry date, the current cost of renewal is about RM30,000 for another 99 years (5 generations)
I foresee Bukit Jalil will overtake Mon’t Kiara as more vibrant city in 2035-2038, my guess