Mar 25 2021, 09:34 AM
QUOTE(lollipopkan @ Mar 25 2021, 06:42 AM)
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.
Yes especially now under state of emergency government have the right to possession of your propertyWell 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.
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
Quote
0.0158sec
0.81
6 queries
GZIP Disabled