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 Freehold VS 99 yrs Leasehold

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ClericKilla
post Jan 23 2020, 06:46 PM

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Syukur my flat has 990 leasehold years
kenji1903
post Jan 23 2020, 09:46 PM

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QUOTE(wildan03 @ Jan 23 2020, 01:12 PM)
Of course real reason people want buy freehold is to pass down to next generation.

But question is, if it is terrace house, intermediate lot, housing area - if that next generation want to tear down everything and build 4 storey house, can they do that?
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Depends on the majlis and architects because if it’s terrace house, your neighbours sure to reject the proposal
aaronkinesis
post Jan 23 2020, 09:52 PM

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Leasehold will get monetary compensation or not if gov wanna build highway
kappa137 P
post Jan 23 2020, 10:18 PM

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QUOTE(aaronkinesis @ Jan 23 2020, 09:52 PM)
Leasehold will get monetary compensation or not if gov wanna build highway
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I also want to know this
wongsinyee
post Jan 23 2020, 10:27 PM

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leasehold cheaper, freehold more expensive

if gov wants your land to build highway, freehold or leasehold doesn't matter. compensation will be different though

leasehold needs to renew the lease when the time comes. banks won't give loan or high margin loan if the lease of the house less than certain number of years. also, if not mistaken some leasehold properties need state consent before can sell, and that takes quite a bit of time

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