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 Leasehold landed cannot buy?, Leasehold landed

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Jazted
post Apr 4 2024, 11:32 PM

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must check how much is the different between landed freehold and leashold.

if freehold = 1 million, leasehold 99y 500-600k. i would say buy.
icemanfx
post Apr 4 2024, 11:57 PM

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QUOTE(Jazted @ Apr 4 2024, 11:32 PM)
must check how much is the different between landed freehold and leashold.

if freehold = 1 million, leasehold 99y 500-600k. i would say buy.
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For high rise, leasehold new launch is often more expensive than freehold subsale.

victorian
post Apr 5 2024, 12:18 AM

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QUOTE(Jazted @ Apr 4 2024, 11:32 PM)
must check how much is the different between landed freehold and leashold.

if freehold = 1 million, leasehold 99y 500-600k. i would say buy.
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you are assuming the land cost more than 50% of the purchase price.

Realistically the price difference will not be too much, 10-20% tops


Jazted
post Apr 5 2024, 12:37 AM

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QUOTE(victorian @ Apr 5 2024, 12:18 AM)
you are assuming the land cost more than 50% of the purchase price.

Realistically the price difference will not be too much, 10-20% tops
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mount kiara condo leasehold vs freehold did differ almost to 50%.

but then if the landed leasehold is just 10%-20 cheaper than definitely not worth it at all. You migh having hard time selling it with a higher price
Jazted
post Apr 5 2024, 12:38 AM

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QUOTE(icemanfx @ Apr 4 2024, 11:57 PM)
For high rise, leasehold new launch is often more expensive than freehold subsale.
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i feel that people should look into the subsale market, new launch mcm not worth much.
Cavatzu
post Apr 5 2024, 07:43 AM

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QUOTE(victorian @ Apr 5 2024, 12:18 AM)
you are assuming the land cost more than 50% of the purchase price.

Realistically the price difference will not be too much, 10-20% tops
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The thing is developers have pretty much forced buyers to accept leasehold and high dense as the new norm. This is particularly true for high rise and it’s been a very short time frame to push all these as the new reality. They acquire the land cheaper and absorb all the cost savings as profit. You may not think it’s a big deal when buying due to perceived cost saving but certainly your ability to dispose of the property later is going to be an issue.
victorian
post Apr 5 2024, 12:44 PM

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QUOTE(Cavatzu @ Apr 5 2024, 07:43 AM)
The thing is developers have pretty much forced buyers to accept leasehold and high dense as the new norm. This is particularly true for high rise and it’s been a very short time frame to push all these as the new reality. They acquire the land cheaper and absorb all the cost savings as profit. You may not think it’s a big deal when buying due to perceived cost saving but certainly your ability to dispose of the property later is going to be an issue.
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Well it’s either leasehold near KL or freehold at some ulu place.

Buyers choice
scongi
post Apr 5 2024, 01:00 PM

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Those new shoplot by big developer in new township are now mostly under leasehold title, as what they say is to make the price more affordable for investor to buy. However, this is not really true as the psf of this leasehold is even higher than subsale price in mature area. Higher rental need to get for cover the instalment payment.

There is also a high competition to get tenant on vacant possession as there is many unit vacant possession at the same time in same locality and the moving into the new township is taking time. Investor may need strong holding power to get return in future

This post has been edited by scongi: Apr 5 2024, 02:45 PM
PAChamp
post Apr 5 2024, 05:34 PM

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QUOTE(victorian @ Apr 5 2024, 12:44 PM)
Well it’s either leasehold near KL or freehold at some ulu place.

Buyers choice
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If you buy sub-sale, there is plenty of choice in KL/PJ, both freehold and leasehold. Thing is many folks dont have money to buy subsale.
victorian
post Apr 5 2024, 05:40 PM

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QUOTE(PAChamp @ Apr 5 2024, 05:34 PM)
If you buy sub-sale, there is plenty of choice in KL/PJ, both freehold and leasehold. Thing is many folks dont have money to buy subsale.
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subsale landed?

30 years old landed basically you have to rebuild the whole thing to be liveable.

And not many people have that amount of cash


PAChamp
post Apr 8 2024, 01:15 PM

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QUOTE(victorian @ Apr 5 2024, 05:40 PM)
subsale landed?

30 years old landed basically you have to rebuild the whole thing to be liveable.

And not many people have that amount of cash
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Yes. Its not between freehold vs leasehold btw, it an old vs new issue. For projects far away, both freehold and leasehold are also expensive. Might as well get freehold

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