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 Landed : Freehold vs Leasehold?

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p4n6
post Feb 17 2023, 11:39 PM

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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

 

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