Guys, can share your views on leasehold landed terrace?

This post has been edited by MAC5: Mar 24 2021, 11:38 PM

Just like car...
Can we buy Perodua? Proton? Still can buy la...
So what you want to buy it for? Brag? Investment? Just to buy....?

From investment angle. In term of capital appreciation.

Leasehold or freehold should not be the only deciding factor when it comes to property. Location wise is important as well, a lot of leasehold property now is selling at millions. Look the the location and neighbourhood, the surrounding convenience, the quality of the home. These are what makes a property valuable.

always free > lease. try to find new freehold in KV matured area, you will see how limited choices you have.

but yeah, location plays a vital part too. freehold in ulu place wont get any appreication.

buying a property with fewer lease year also impact your mortage.

Well
Personally... It's FH all the way.. landed..
BUT.. there's but... If LH location is strategic & the price is okay. Why not... As long it's over 50y balance.. 99y even better...

So do your own investment profile...
So long it makes money in short term....then it should be fine.
Where you buy?

what happen after lease period over.
state can take back the land, what about our house?

About leasehold properties, a lot of people always wonder this "what about gov take away my property"...

Well let me tell u, if the state wants to take back your property, it can be as soon as vp.

If your property is freehold, state cannot take away the properties? Surprise! They still can take it away when they want.

Also, leasehold tenure can be extended, so why not extend it if it goes down below 50 years to prevent the outcome of gov taking away your leasehold properties without compensating you?

That being said, i am going for freehold landed but if within the same area, same sizes, almost same workmanship, almost same township planning but freehold landed costs me more than 100k then i might give leasehold landed a hard consideration.

I have heard a few places lease 99 years expired in msia, but since the area, although on main road, has no prospect other than residential, hence it was renewed.

I do feel it is luck based, and cannot just dismissed. Dun listen sales too much, gauge your feeling about the place.

No difference. It can be renewed. I see many rich people buy leasehold semi d and bangalow happily.

I see many freehold poperty size much smaller compare to leasehold and it is cheaper. You have to look at workmanship too.

I think property company is using freehold as a marketing tool, and people thought "free"hold means you are own it and "lease"hold means you lease it, actual fact both you own it.

This post has been edited by kelvinfixx: Mar 25 2021, 09:37 AM

Even FH, gomen can take away the land using the NLC if not mistaken.

Plus, u ain't gonna live beyond 99 years anyway. Your next gen may not even want the property if not staying in MY.

Yes especially now under state of emergency government have the right to possession of your property

Compensation or not it will depends whether they are willing to pay is also another story as it can be lower than market

Buying property number 1 is location, location and location and the follow by purpose to monetise, build and only land titles comes in next

In fact buying leasehold can be as cheaper as 30% or more

The only question you have to ask will the banks willing to loan you money the buy the property unless you have the means buy it outright as cash borrowings

No history of leasehold property failed to renew in Malaysia.

Regardsless of freehold or leasehold, government will take back the land if needed

renewed, and government can "take" (compensate) your freehold house deem fit, not only leasehold.

This post has been edited by kelvinfixx: Mar 25 2021, 09:40 AM

I once bought a leasehold landed from developer in the 80s. When I sold the house a few years later, it took more than a year to get the state consent for the title transfer and get my money. I don't know if the situation has improved since then.

usually 3-4 months only

Try to see the landed house at PJ , Kota Damansara and Sunway...

When it comes to Msian property, location and target market matters more than whether leasehold/freehold because

1) gahmen can easily tell you to give up FH land if they really wanted it, under LAA 1960 https://www.mondaq.com/landlord-tenant--lea...20of%20Malaysia.
2) most leasehold is at around 99 years, except in Sarawak usually they do 60 years because 99 years got higher premium, but renewal is usually easy because most properties are built on land that's deemed as useful only for residential so unless you're an immortal vampire it's unlikely you'd have issues with leasehold expiry in your lifetime

This post has been edited by DragonReine: Mar 25 2021, 11:44 AM

my freehold landed appreciate faster then leasehold. leasehold appreciate but slowly sometimes feel like not that good of an investment.