@agent42,
I don't exactly know where your location is but RM148k for a condo doesn't seem to be v expensive (again, I don't know the size and details of it!). If U really like it by all means go ahead and get it. When the lease is up, all u need to do is to renew the lease; by then U decide if it's worth renewing.

It would be great if it was freehold but well, there aren't many freehold properties around these days (at least not in the areas/location I like) and well, U can't always have things go your way, right?!

PS: The house I purchased last year was also on leasehold land and that didn't stop me from getting it.