Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Leasehold landed cannot buy?, Leasehold landed

views
     
Donidoni
post Mar 25 2021, 06:15 PM

Getting Started
**
Junior Member
169 posts

Joined: May 2020
From: Kuala Lumpur


It does not matter FH or LH.
As long as the LOCATION and PRODUCT are good, just go for it.
Donidoni
post Mar 25 2021, 10:20 PM

Getting Started
**
Junior Member
169 posts

Joined: May 2020
From: Kuala Lumpur


QUOTE(Ayammachiamboss @ Mar 25 2021, 06:34 PM)
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.
*
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.
Donidoni
post Mar 25 2021, 10:23 PM

Getting Started
**
Junior Member
169 posts

Joined: May 2020
From: Kuala Lumpur


QUOTE(Ayammachiamboss @ Mar 25 2021, 06:37 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?"
*
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.

 

Change to:
| Lo-Fi Version
0.0195sec    0.43    6 queries    GZIP Disabled
Time is now: 15th December 2025 - 07:19 AM