Which one worth it for Landed? Freehold or Leasehold? and why?

you will own nothing
and you will be happy

on a serious note.

renew leasehold only cost you rm10k.
but premium price you pay for freehold might cost you extra rm200k or rm300k

you do the math

This post has been edited by novblaze: Feb 17 2023, 10:57 PM

If you can live more than 99 years, then freehold is better.

guarantee?

if not, 200k is worth

provided gov let u renew la

Its too general

Need more details for better advicing

At this point we'll of course just choose landed

One age like man, another age like woman.

Freehold value increases with time.

Leasehold value decreases with time.

Selling procedure for leasehold is also more complicated and usually takes 3 more months

comment approved

If he buy 2nd hand, it may not have 99 years left in the lease.
Even if he did not live more than 99 years, but if he decides to sell it. Will it affect the value due to a large portion of the lease already used up?

Freehold is of course better. Better doesn’t mean more worth it. You need to compare the price and location to see which one more worth it.

Leasedhold property loan approval value subject to the remaining lease years, so people buying subsale will need to forkout more money for downpayment, this indirectly impact subsale value of the property…

The renewal subject to government approval, if gov decides to redevelop that area then you need to move out from the land … the house still yours if you can move the whole house away to another plot of land …

The renewal comes with a cost and may not be the same 99 years later and lawyer fee applicable …

I think for most people it will not be a problem but could be a problem with your next generation when u are away … esp if char siew

doesnt matter

location more important

correct correct correct


location good, leasehold left one year also people pay premium price and buy using cash

% of increase in price in leasehold property does not affect much in the first 40 years vs freehold. As other people pointed out, there are many other factors that affect the price, location in particular. But then, of course freehold vs leasehold in the same area would mean freehold would be the safer choice.

Freehold better but freehold tend to be a bit further from development like shops and supermarkets.

Leasehold on the other hand tends to be closer to commercial area but the lease is a bitch la.

please find me a case that gomen no let renew

freehold is too overrated

This post has been edited by novblaze: Feb 17 2023, 11:51 PM

Consider this example. Mr A works in KL, bought a landed house and raised a family. After kids grew up and left, he balik kampung for fresher air, less traffic, lower expenses. He calls agent to sell his landed house. Which house if sold, will give him substantial cash to use even after buying a tiny retirement home in kampung?

A: Leasehold house with 20-30 years remaining
B: Freehold house

999 years / Perpetuity

actually there are other factors to take into account such as location as someone mentioned above

but if assuming everything else is equal, freehold usually has better resale value than leasehold properties.

The whole point of buying landed is to own that piece of land you're sitting on forever. If you want temporary housing then you have highrises and hence why it doesn't really matter if it's fh or lh

I remember reading in the edge where a property in Bukit Tunku was not given extension to the leasehold property

freehold properties are usually branded developers this is what i realize

marrying a woman is it freehold or leasehold?
doesn't matter, because at the end you'll still possibly get divorced
If not divorced you will still sleep in coffin
so why bother and headache

Why worry about the value? When the tenure expired, you are most likely already rotten.

prop are either fl or lh only why bother
just your asian dna kick in to control your brain thinking about leaving it to offspring
leaving behind what and where you really want

This post has been edited by JungWoo: Feb 18 2023, 01:36 AM

not all leasehold is gomen
gomen take for building road you never heard?

gomen also have rights to takeover the freehold if needed

How many residential area in Msia already reached its leasehold tenure? I only know one in PJ.

see your roadmap lor.

leasehold / just rent : if you is the last line of your gen/no kids/don't wan give much to char siew kid.

freehold : forever/every other gen until gov take back land / dijahanamkan (sell off) by one of your char siew kid.

You dono gomen can take your Freehold to build road also?
is under national land code

just think like that lo

see you want to risk/bet or not lor (for freehold conversion)

if leasehold..when due ..gov or private can choose to just compensate the "house" value and let u go [if your unit brick and mortal go weight it worth rm20k just give u rm20k] ; or even close to 0
compensation

you cant demand more like market price now worth 500k ..you should give me 500k worth of thing ..maybe 500k consists of 480k of land..20k of your crap unit..but you dont own that land lol



if freehold..if gov want to take back for future development ..more compensation n bargain power to you or your child

This post has been edited by fantasy1989: Feb 18 2023, 07:55 AM

Ya but get money back

Freehold, either for your own stay or future generation

And the resale value of at least 40%-50% better than leasehold

yeah but luckily malaysia is a democratic party instead of Komunis.
gomen unlikely will do such unpopular move that will give chance for opposition to shoot.

paying premium for insurance that's what you said.

what is the formula in determining the cost for leasehold renewal? surely a 100k property renewal couldn't be the same as 300k.

can you renew before it reaches the last year of expiry date?

my house is of a 60 years leasehold, that is weird I thought the magic number usually 99 or 999

You think now is 80s ke? . . . . . wait till they take back your land and just pay you the building cost 400k when nearby freehold is already 1 million. . . . hahahaha

Much better buyout than market value, those affacted by SUKE h/w were well paid off.

means you kena tipu lor because developer always renew before handover.

or you're stupid to buy 2nd hand leasehold

my hometown house is leasehold, is behind the main road of the town, heard the blue print of the townhall is to convert the whole road to commercial, because they gonna extend the center of the town. But it left only 30 years i think, pass from my atuk to my father, then next to me. 3 generation lur.

So what you think, is this good or not good?

My point is, there are pros and cons lar in everything. Some bros says leasehold take longer process in SPA, some say leasehold have higher potential for yield cause the location might be gold, my take is they are all correct.

So, decide your needs first, only we measure what work best for us.

This post has been edited by edison8904: Feb 18 2023, 09:42 AM

Are u joking renew lease hold 10k only? Regardless of the land/house value?

maybe in ulu place where there is no market

but not in high demand area

lease & free, both 800k original 40yr condition

Doesnt matter, leasehold can be renew freehold doe t mea. Forever, government want it can take it back

This post has been edited by kelvinfixx: Feb 18 2023, 10:20 AM

Generally, just go for freehold. less headache and higher value.
It doesnt matter what some may think, but the general consensus of msia market is fhold > lhold.

but at the end location would be most important.

developer is my wife's employer, bought with some discounts

RM83.5k, unheard off and unimaginable price 11 years ago. 3 rooms, 2 bathroom. porch for 2 cars, 3 if 2 of them are hatch back. backyard enough space to put a van or a small lorry. 2nd hand leasehold or not, for that price it's a steal.

Cheap price no good. That's why the developer don't want to renew

and it's in Langkawi. ba da boom!

Hahahhaha but you paid premium early on too.
remember your loan charges etc. you think you earn a lot?

Lease and freehold developer selling price different is not alot if you are not aware yo ....

This post has been edited by etan26: Feb 18 2023, 01:06 PM

This is a no brainer question. Freehold is always better than leasehold. Freehold property will command a premium over a leasehold equivalent property. Those who advocate leasehold is better than freehold are only comforting themselves.

The only thing good about leasehold is when the property is your investment property because leasehold tends to give higher rental yield because of the lower purchase price.

This post has been edited by Donidoni: Feb 18 2023, 03:37 PM

I have seen people die die must take freehold, end up at far location and burn 1 hour per day commuting one way

Yes , resale value may be better but at the cost of 2 hour per day back and forth ?

This post has been edited by killdavid: Feb 18 2023, 03:28 PM