Keep being told that buying leasehold property is terrible. Would like to know how bad is it to buy a leasehold as compared to freehold except for the 99 years term..

Difficult to sell back as it involves a lot of procedures and documentation.

Yeah! I think after 99 years they can retake the land if they choose not to extend your stay.

Correct me if I am wrong.

Depends on how long you plan to own the property... and it applies differently between LANDED and CONDO/APARTMENT.

On average people would own a property up to
30 years - Landed
20 years - Condo/Apartment

Now think of it as being trade down from 99 > 69 (nice) > 39 > 9.

Depending whichever time period you purchase the house. If you're the 2nd or 3rd buyer the house would still holds its value as people could only stay up to the max period of 30 years.

Thus, theoretically, if the house has a lease period of 30 years remaining... you should be aware of it and could be harder to sell it off and usually it would be the last owner who owns the remaining 30 years.

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This post has been edited by geekystef: Nov 21 2020, 03:10 AM

cant change people's mentality bro. It is almost always freehold > leasehold

Yes, price and location do play a significant factor on one's decision, but most of the time buyers are more comfortable knowing their props are freehold

transactions for leasehold units also take twice as long, so the potential buyers might find it leceh as well

yaaa, especially the older generation like my mom. The first thing they ask about property is always freehold or leasehold

What makes the transaction process long for leasehold?

Need consent from the state government office, which typically takes about 3 months or more.

be aware that the 99 years is not count from the period u get the key, from the period developer register the land.. so properly when u get ur unit left 90 years +-