Leasehold 99 yrs.

Federation of Malaysia baru 58 yrs old....

always go for freehold if money is not an issue, but only applicable to same or similar location.

Don't compare the FH kampung area to LH town area.
Or compare the FH properties with no/less amenities nearby, to LH properties but near to amenities

This post has been edited by chainyong: Mar 25 2021, 11:46 AM

Location is more important than LH or FH

Right location LH appreciate more than FH area that nobody wants.

LH with 99years has too long tenure to be worried about.

30 years later also don't know what will happen on that area, don't need to worry 99 years later.

99 years later, we also no longer here.

around 6month or less

Some people I know go beyond their means to buy freehold landed just so have a little bit more bragging rights.

Meanwhile Damansara leasehold landed owners just smirk at these cute people...

Bandar Rimbayu is an example. The entire township is leasehold whereas neighbouring township-Kota Kemuning is freehold.

It does not matter FH or LH.
As long as the LOCATION and PRODUCT are good, just go for it.

well many look low on u when own LH properties...
just like how people look low when u go use public transport for work/school etc.
or uses some cheapo P1 or P2 cars

Also not to forget the state is not obligated to renew even if you have money. And the state is not obligated to compensate you after the lease has expired. If the owner has a say then might as well make it freehold. The notion of leasehold means the state has the final say. Not you.

Just imagine you go lease a car from BMW. After 1 year must they compensate you if they wanna take back? Can you stop force them to renew? Remember it's a lease.

As for freehold, they can take your land but they must compensate for taking over your land.

If I am TS, I will buy only freehold. And go condo freehold if you must buy in good location but landed expensive. Never buy freehold in bad location.

This post has been edited by Ayammachiamboss: Mar 25 2021, 06:35 PM

If you do buy leasehold, remember to dispose the property after 25 years and upgrade to freehold. Because there are many in Malaysia who still believe lease guaranteed can be renewed. When 99 lease expired their kids will cry father cry mother "PA ma, I thought you said can renew this double story Kota Damansara house wan? Why? Why did you leave me with nothing?"

This post has been edited by Ayammachiamboss: Mar 25 2021, 07:00 PM

Not relevant statement. Desa Park City is not leasehold

My mistake. KD then.

Tell me how many shop houses, building, land and petrol stations which have freehold status that had to make way for LRT station and line construction?

The state can't take away your land if its freehold? Think again.

FH or LD...
Gomen can take over our house/land... No matter what.. in the name of development...

Remember the pasar seni MRT case.... 🤭
Many disagree... In the end needed to accept it...

Those who said no difference. When LH expires need to pay for the term renewal right. Also i read that the premium is not small fees too

FH or LH, govt needs to compensate if they want to acquire your land for public purposes. Your statement sounds like the govt will not compensate LH owners. As long as the lease still active, the owner has right to be compensated. The LH period will usually outlast us. So, you will not see the day the govt wants to take back your land.
What about your kids? Your kids should be capable and independent enough to buy their own properties.

You should train your kids to be capable and independent enough to buy their own properties. You do not owe your adult kids a living.

If can make kids’ life easier, a good thing too. Imagine how tough for future generations to buy a landed property.

Which part of Damansara is leasehold area?

Your statement is right that if the government takes your land when the lease is active, then you should be compensated. But many think that when the lease expires the government must compensate them still. That is a very careless thought.

My kids? Hmmm. I don't know what should I leave them yet. But whatever the decision is, why get a lease just for 10% discount?