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.

20 years a joke la. At least 50 years for double storey. For single storey even can last 80 years. For apartment/condo 40 years already good

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.

Unless cheaper than rental.

MEPs?

I thought everything we own is on lease.
-Hand phone
-Car
-House
-Clothes

Ownership is a lie.

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?

Mechanical,  Electrical and Plumbing

If renting, yes now might be cheaper but owner definitely will revise the price each year? So how to justify total cos would be cheaper?

You dont believe? check how many "project built this days" with assurance that less than a year got hair less crack after VP. and project the 20 years you have it.
thus i concluded that the lifespan is short as cost rises.

I thought everything we own is on lease.
-Hand phone
-Car
-House
-Clothes

Ownership is a lie.

Lease or free hold govt can take back when there is need but as far as I know the value is evaluated differently.

Totally different thing la. Freehold the way to get back is via LAA , whereas lease when they wanna take back after lease ends they dont need to.
My dad used to do a lot of these when buidling the highways last time.

But 20 years is such short time. I even felt I owned house yesterday but It has already been 5 years.

but even for freehold gomen still cn forcefully take it bck right? just that they hav to pay higher compensation, before 99 years both freehold n leasehold can also be taken bck by gomen n pay compensation, so no diff la

after 99 years leasehold become gomen land for free whereas freehold gomen still need to pay high compensation to get it bck