Leasehold landed cannot buy?, Leasehold landed
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 Mar 25 2021, 11:44 AM
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#1
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Junior Member
527 posts Joined: Feb 2019  
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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 |
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Mar 25 2021, 11:02 PM
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#2
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Junior Member
527 posts Joined: Feb 2019
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QUOTE(MAC5 @ Mar 25 2021, 10:54 PM) Perhaps what is interesting is there is no leasehold high rise in Malaysia which is 80-90 years old yet. no matter LH or FH , after 80 years, I don't think the high rise building still safe to stay, especially now all the high rise building built by foreign workers, some even less than 5 years already many problem, some just VP already come with waterfallWondering what will happen to leasehold high rise when it is 80-90 years old.  |
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Mar 25 2021, 11:08 PM
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#3
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Junior Member
527 posts Joined: Feb 2019
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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. If you really want to pass the property to your kids, I dont think the freehold condo is a good idea, after 60 years i think your kids also don't want to stay in that condo, high chance to become a dangerous buildingJust 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. |
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Mar 25 2021, 11:18 PM
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#4
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Junior Member
527 posts Joined: Feb 2019
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QUOTE(MAC5 @ Mar 25 2021, 11:11 PM) In that case, a 60 years old high rise condo can only wait for developers to acquire the whole condo, demolish it and rebuild another new high rise? if your condo located at a strategic location, it is possible, if not very hard to get developer to acquire. If the old high rise really dangerous and might affecting surrounding building, government might just demolish it for safety purpose with minimum compensation |
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Mar 25 2021, 11:22 PM
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#5
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Junior Member
527 posts Joined: Feb 2019
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QUOTE(MeToo @ Mar 25 2021, 11:28 AM) Leasehold 99 yrs. 99 years can give to three generation, assuming every generation getting their 1st kid around 30 years oldFederation of Malaysia baru 58 yrs old.... |
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Apr 3 2024, 04:16 PM
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#6
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Junior Member
527 posts Joined: Feb 2019
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If you comparing apple to apple, that means same location, of course FH always better than LH , but FH need to pay extra premium on top of the selling price, worth it or not is very subjective to different group of people.
If compare apple and orange , both different location is not about the FH and LH only , it will more to comparing the town planning, amenities, public transportation, and population etc. Conclusion, LH property is not a monster, you can buy it after you done the study on this property. |
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