QUOTE(WallMaker @ Jan 23 2020, 01:05 PM)
That is fallacyLeasehold means it will also make it easier for gov to take over your land compared with freehold
Freehold VS 99 yrs Leasehold
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Jan 23 2020, 01:29 PM
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#21
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Junior Member
335 posts Joined: Aug 2014 |
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Jan 23 2020, 01:30 PM
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Senior Member
1,644 posts Joined: May 2007 From: Penang |
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. 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 30xCompared if u buy leasehold, after 40 years you wanna sell also hard. This post has been edited by duHwaN: Jan 23 2020, 01:30 PM |
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Jan 23 2020, 01:30 PM
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1,060 posts Joined: Feb 2010 |
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? |
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Jan 23 2020, 01:31 PM
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1,644 posts Joined: May 2007 From: Penang |
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"). the government still have to compensate fair price relative to market price.... for "forced" acquisitionThat'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. This post has been edited by duHwaN: Jan 23 2020, 01:31 PM |
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Jan 23 2020, 01:33 PM
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#25
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335 posts Joined: Aug 2014 |
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"). Yes but leasehold will be made easier and cheaper for the gov compared with freeholdThat'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. |
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Jan 23 2020, 01:34 PM
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1,072 posts Joined: Jun 2018 |
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. |
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Jan 23 2020, 01:44 PM
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365 posts Joined: Jun 2009 |
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.
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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. |
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Jan 23 2020, 02:42 PM
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#29
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171 posts Joined: Nov 2009 |
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
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Jan 23 2020, 02:59 PM
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2,209 posts Joined: Nov 2010 |
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. |
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Jan 23 2020, 03:00 PM
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2,058 posts Joined: Mar 2011 From: Today: 9:03 AM |
Freehold gomen can take back also if they want. You don't own anything 😂
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Jan 23 2020, 03:00 PM
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#32
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2,531 posts Joined: Feb 2009 From: Land below the wind |
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Jan 23 2020, 03:01 PM
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#33
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1,178 posts Joined: Aug 2014 |
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. |
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Jan 23 2020, 03:05 PM
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890 posts Joined: Jan 2003 |
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. |
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Jan 23 2020, 03:06 PM
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#35
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3,165 posts Joined: Feb 2015 |
Freehold - u own it
Leasehold - u rent it |
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Jan 23 2020, 03:08 PM
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76 posts Joined: Oct 2018 |
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.
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Jan 23 2020, 03:08 PM
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1,365 posts Joined: Aug 2005 |
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Jan 23 2020, 03:08 PM
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#38
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113 posts Joined: May 2019 |
When u age 70. U sell and living old folks hse liao.
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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. Unless cheaper than rental.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. |
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Jan 23 2020, 03:11 PM
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51 posts Joined: Jan 2003 From: KL |
yang penting bumi quota
under any gov they cant take lands from you |
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