freehold and leasehold aside, I believe the location is more important.

being at the centre of PJ but leasehold is still better anytime than freehold at a secluded area.

let the government worry about renewing the lease. if they don't handle it properly it will cost them dearly in the election as well

yes, what I'm trying to say is over the lease period, they have already reaped all the profit of being cheaper and in a better location than comparable freehold property.

the government at helm will not risk infuriating their voter base over unreasonable terms. for residential, they have profit sharing scheme where the lease renewal is cheaper.