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 Freehold VS 99 yrs Leasehold

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Stigonboard
post Jan 23 2020, 01:29 PM

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QUOTE(WallMaker @ Jan 23 2020, 01:05 PM)
99 years every body already dead. who cares
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That is fallacy

Leasehold means it will also make it easier for gov to take over your land compared with freehold
duHwaN
post Jan 23 2020, 01:30 PM

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QUOTE(wildan03 @ Jan 23 2020, 01:18 PM)
i thought it is more about, if you wanna sell it after 40 years. That time if freehold land maybe can get quadraple the price and can give the money to 4 of your kids.

Compared if u buy leasehold, after 40 years you wanna sell also hard.
*
Hence the lease. Some lands may not worth now much, buy may worth a lot later especially if the government foresee it as a economic center later. So it will be pretty expensive for government to re-acquire those lands for special purpose re-development... if they are sold as freehold now. Quad seems a bit low over 40 years... some areas i know went up at least 30x

This post has been edited by duHwaN: Jan 23 2020, 01:30 PM
AnimeSinceForever
post Jan 23 2020, 01:30 PM

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Whether freehold or leasehold government can still take your land, it is called "Eminent Domain" (very worrying, like the other ED - "Erectile Dysfunction").

That's the reason why not everybody in the Klang Valley was against Kidex, their house was gonna get bought over at a good price ... then more houses were required and the project cost more than planned, which is what I believe actually stopped the project.

The people with the guns can always change the rules.

QUOTE(wildan03 @ Jan 23 2020, 01:03 PM)
They say if free hold, you can get ahold of that house and land forever. But with only ~1500sqft of land, is it really relevant?

if buy freehold high rise, it is even worse. In 99 years time you won't even know if that house is still livable or not.

Plus, if the leasehold area is highly developed residential area, will government simply take back the land and developed highway for example?

What are the disadvantages buying leasehold property actually for permanent stay, not flipper.

Why some of my friends/relatives is so against me buying leasehold?

Would you go for freehold instead and save around 100-200k?
*
duHwaN
post Jan 23 2020, 01:31 PM

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QUOTE(AnimeSinceForever @ Jan 23 2020, 01:30 PM)
Whether freehold or leasehold government can still take your land, it is called "Eminent Domain" (very worrying, like the other ED - "Erectile Dysfunction").

That's the reason why not everybody in the Klang Valley was against Kidex, their house was gonna get bought over at a good price ... then more houses were required and the project cost more than planned, which is what I believe actually stopped the project.

The people with the guns can always change the rules.
*
the government still have to compensate fair price relative to market price.... for "forced" acquisition

This post has been edited by duHwaN: Jan 23 2020, 01:31 PM
Stigonboard
post Jan 23 2020, 01:33 PM

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QUOTE(AnimeSinceForever @ Jan 23 2020, 01:30 PM)
Whether freehold or leasehold government can still take your land, it is called "Eminent Domain" (very worrying, like the other ED - "Erectile Dysfunction").

That's the reason why not everybody in the Klang Valley was against Kidex, their house was gonna get bought over at a good price ... then more houses were required and the project cost more than planned, which is what I believe actually stopped the project.

The people with the guns can always change the rules.
*
Yes but leasehold will be made easier and cheaper for the gov compared with freehold
Syie9^_^
post Jan 23 2020, 01:34 PM

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House =/= Land.

House you die die 100 years old; also no use; become temple.

it is the land that value...

You have house on sea; 100 years also no one want to fight you except land reclaim.

MAX houses built in malaysia current Y2020 lifespan = 20 years.

the built quality so much songlap; even you freehold you also worry.


lol~
post Jan 23 2020, 01:44 PM

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Leasehold or freehold, if gov wanna take they take. Just that freehold u will get more advantage. Leasehold u can renew the lease also but depend on how good the area develop. If performance not good or the housing area not well maintained, gov take back.
shuhuan
post Jan 23 2020, 02:38 PM

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I not sure what difference also. But I assume lesser lease left is much harder to sell off because legally don have many years left to use the property.
I won't want to buy a house left only twenty years if I got about forty years to live on unless is very cheap.
THE CLASS OF 13
post Jan 23 2020, 02:42 PM

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first house i just buy leasehold one, cos murah then got money abit go buy freehold house and rent out old house. okay ke plan ini mcm? rumah dekat seksyen 18 shah alam
Boldnut
post Jan 23 2020, 02:59 PM

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freehold is meaning less in stata title.

if freehold, must go Individual title.

leasthold is less likely kena tear down by gov if highrise building.
patienceGNR
post Jan 23 2020, 03:00 PM

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Freehold gomen can take back also if they want. You don't own anything 😂
yeezai
post Jan 23 2020, 03:00 PM

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QUOTE(WallMaker @ Jan 23 2020, 01:05 PM)
99 years every body already dead. who cares
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This
ohman
post Jan 23 2020, 03:01 PM

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leasehold , bank refuse to loan to the next buyer if the leasehold year too short

after 30 years, your house next buyer cannot buy your house with houseloan. cash can.
jason83
post Jan 23 2020, 03:05 PM

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Yes freehold doesn't mean the gomen can't take back. If they need to build LRT they have the right to take back provided they give compensation. For leasehold some say can convert, some say can ask for extension. But then again the extension and conversion aren't guaranteed. What is guaranteed is after 99 years, the government has the final say, not you. And without the need to compensate you if they take it back.

My 2 cents.
aspartame
post Jan 23 2020, 03:06 PM

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Freehold - u own it
Leasehold - u rent it
L.Torreira
post Jan 23 2020, 03:08 PM

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Leasehold? When 50 years you hardly sell. Better you rent forever since it's cheaper. If flipper yes they buy leasehold coz cheaper but if you wanna stay till die no good.
SUSM4A1
post Jan 23 2020, 03:08 PM

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QUOTE(WallMaker @ Jan 23 2020, 01:05 PM)
99 years every body already dead. who cares
*
LowKeras
post Jan 23 2020, 03:08 PM

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When u age 70. U sell and living old folks hse liao.
L.Torreira
post Jan 23 2020, 03:10 PM

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QUOTE(shuhuan @ Jan 23 2020, 02:38 PM)
I not sure what difference also. But I assume lesser lease left is much harder to sell off because legally don have many years left to use the property.
I won't want to buy a house left only twenty years if I got about forty years to live on unless is very cheap.
*
Unless cheaper than rental.
Strike
post Jan 23 2020, 03:11 PM

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yang penting bumi quota

under any gov they cant take lands from you

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