FREEHOLD VS LEASEHOLD

"Dear Sean, should we ever buy a leasehold property??"
If my grandfather would give me his freehold house in our kampung, I might need to think about it as there'll be a lot of maintenance work. I would most probably just cash out the property. What I'm trying to say is the leasehold period of 99 years is seriously very long.. and that can last for 3 generations. In that note, leasehold property are ideal for own stay as the price is always lower in strategic locations.

[@faruqluqman7519]

Great video here. The context is mostly on landed property. If a condo is freehold, it may be trumpeted very loudly. Take a look at condos which are over 20 years to understand how your new property will look like in the future when considering freehold vs leasehold for condo.

[@iherng]

That's a great point faruq! Thanks for highlighting!

[@lalanandaFRY]

Yes that may be a big deal considering the high maintenance fees for newer condos. How would a freehold condo and it's facilities be like after 30, 60 or 90 years?

[@freeholdbiz1343]

This is really good explanation, short sharp to the point

[@iherng]

Thanks for watching. Appreciate the kind words=)

[@azizanaziz3376]

Thanks again Sean. Very helpful!

[@iherng]

Glad it was helpful Azizan.

[@muhammadhaseefx1359]

A stark difference in your style and presentation compared to now 😂

[@iherng]

Hahahahaha. Definitely!!
Thanks for going all the way=)

[@ayeshayusri7551]

Thanks bro for the info..pls keep posting about property😀

[@iherng]

I will bro. Thanks a lot for watching.
Let me know if there's anything that you would want to know more too=)

[@jiaxinchin9584]

Hey Sean, if we paid a RM1000 to state just so we could sell off our houses:
1. who do we sell it to?
2. How much profit to share with the state?
3. Would the buyer have to then renew the lease on their own?

[@iherng]

1. Anyone.
2. 50% of the profit from the price before renewal of the lease
3. Yupe. It's would be a series of forms to be submitted to the land office:)

[@jiaxinchin9584]

@@iherng thanks! I guess people will then choose to let go their leasehold property by the 50 year lease remaining mark to salvage maximum value before the property deteriorate in value... I guess Malaysians are very ingrained on the culture of getting only freehold property.
Just out of curiousity, Who would then buy the properties with

[@affendici3270]

hai shawn... like your video.. plz more video about property?..

[@iherng]

Hey Affendi. I'm glad you like the videos.
Thanks a lot for watching em=)

[@mohamedshahrul1750]

can u make same video for high-rise? because this video is more to landed house.

[@chaijordanmh3485]

what will happen if forgotten to extend lease hold expired?

[@wookymm]

Hey Sean, can you enlight on how premium is calculated for strata landed; is it based on perimeter of strata title or does it include common area such as part, lake etc?

[@reikabecky]

Hi Sean, stumble across this video as I am researching about freehold vs leasehold. Just want to know, how is the lease renewal process for apartment/condo in KL? Appreciate your input, thanks

[@iherng]

Well there's not one condo that went through that exercise yet. So I'm pretty excited to witness that process of getting all residence to pay for the lease renewal for the land of the condo. Great question Rebecca=)

[@reikabecky]

@@iherng thanks for the reply, really curious about it since I can't find any information in the Internet

[@syamilsyahiir1303]

What is your advice if i wanna buy a leasehold property? Is it worth it?

[@iherng]

It depends at the price you buy. If it's 30% below the freehold property then it would be worth it=)

[@syamilsyahiir1303]

@@iherng yup the project under RSKU.

[@randychuah]

How is "profit" derived ?

[@user-tp1ui4zt9p]

Hey Sean, Does this applies to Sabah Sarawak as well.

[@ronc535]

hey bro wat abt Leasehold apartment. ?

[@pinocchio221]

ya...y u wanna own a land forever...unless u r immortal la...haha....ur child or grandchild will not wan to stay at the old house one la where they grow up...they will leave the bird nest at the age of 18..

[@ngrobert5054]

still gomen have to split even we buy the 99 years kar

[@iherng]

Only when you want to renew later based on that option Robert=)

[@pinocchio221]

bro ...its a good deal....

[@eldanurafnie4677]

Really helpful 👍👍

[@iherng]

Hi Elda. I hope you learnt something... forgive the lower quality as this is my earlier work... hahaha.
Thanks for watching yea=)

[@368mal7]

「内容を明確にする必要があります」、

[@chinmengchai1007]

Freehold is better

[@iherng]

But more expensive loh