Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Freehold VS 99 yrs Leasehold

views
     
AnimeSinceForever
post Jan 23 2020, 01:30 PM

Regular
******
Senior Member
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?
*

 

Change to:
| Lo-Fi Version
0.0128sec    0.92    6 queries    GZIP Disabled
Time is now: 16th December 2025 - 01:42 PM