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toh, interesting you think leasehold is 15-20% cheaper. just thinking about it, i think it's 20%.

Here is also another interesting article on the subject:

[i]Pajakan vs Pegangan Bebas (Leasehold vs Freehold) .
Assalamualaikum dan Salam Sejahtera.

“En. Isa, rumah nie Freehold ke Leasehold?”

Saya seringkali ditanyakan tentang persoalan diatas ketika berurusan dengan prospek yang ingin membeli hartanah, tak kira tanah lot banglo, rumah teres, bangunan komersial mahupun apartment dan kondominium. Apakah penting sebelum membuat pembelian untuk mengetahui status hartanah tersebut? Apakah perbezaan dan kesannya terhadap pembeli? Saya akan mengupas persoalan-persoalan tersebut satu persatu melalui pengalaman saya sebagai perunding hartanah.

Amat jarang sekali prospek saya yang tidak bertanyakan persoalan diatas. Kalau adapun, prospek saya yang datang dari luar negara yang tidak pernah pun tahu tentang hal ini. Bagi saya, persoalan ini amat penting kepada pembeli hartanah. Terdapat dua kategori besar pembeli hartanah. Kategori yang pertama ialah mereka yang membeli hartanah untuk kegunaan sendiri dan kategori yang kedua ialah pelabur hartanah.

Walaupun kedua-dua kategori yang saya sebutkan diatas akan lebih cenderung memilih hartanah berstatus Pegangan Bebas (Freehold), adakah ini bermakna hartanah Pajakan (Leasehold) tidak mendapat sambutan? Ketika saya mula-mula bekerja dengan pemaju perumahan, saya telah ditugaskan untuk memasarkan dua projek perumahan yang mempunyai status Pegangan Bebas dan Pajakan.

Projek Perumahan (A) yang berstatus Pegangan Bebas terletak diatas bukit yang nyaman dengan persekitaran yang tenang, terletak hanya 1.5 km dari Bandar Rawang, mempunyai senibina yang menarik dan dan lebih luas. Manakala, Projek Perumahan (B ) yang berstatus Pajakan pula terletak bersebelahan dengan bukit batu kapur dan lebuhraya yang sibuk, keluasan yang agak kecil dan senibina yang tidaklah begitu menarik. Terletak kira-kira 12 km dari pusat Bandar Kuala Lumpur dan harganya lebih mahal berbanding Projek Perumahan (A).

Setelah setahun setengah dilancarkan, Projek Perumahan (B ) telahpun 99% habis terjual dan fasa kedua dilancarkan. Kali ini fasa kedua hanya mengambil tempoh yang singkat untuk dipasarkan. Berbanding Projek Perumahan (A), walaupun hanya sedikit unit rumah ditawarkan, ianya mengambil tempoh yang agak lama untuk terjual. Jelas sekali disini, faktor status hartanah adalah bersifat sementara untuk pembeli kategori pertama. Lokasi hartanah akan mewajarkan keputusan untuk memutuskan pembelian hartanah yang diidamkan. Jika anda bekerja di Lembah Kelang, adakah berbaloi anda membeli rumah idaman berstatus Pegangan Bebas di Bandar Rawang?

Bagi pembeli kategori kedua iaitu pelabur hartanah, status Pajakan adalah sesuatu yang jika boleh sangat mahu dielakkan. Ini kerana proses pindah milik setelah mereka menjual hartanah tersebut akan mengambil masa yang agak lama dan ini akan merugikan mereka. Walaubagaimanapun, jika hartanah yang ditawarkan terletak dilokasi yang sangat strategik dan mempunyai bekalan yang terhad, pelabur akan mempertimbangkan untuk membelinya kerana peningkatan nilai hartanah tersebut kelak.

Kebanyakan hartanah yang dibangunkan di negeri Selangor dewasa ini mempunyai status Pajakan. Pajakan selama 99 tahun adalah melebihi satu generasi dan hartanah seperti ini masih boleh dipertimbangkan. Apa yang perlu anda teliti, jika anda mahu membeli hartanah, pastikan ianya tidak kurang dari pada 50 tahun. Kebanyakan institusi kewangan akan memberikan margin yang amat rendah untuk membiayai hartanah seperti ini. Walaupun sesetengah orang akan memberitahu anda bahawa pajakan ini boleh dipanjangkan dengan membayar premium ke pejabat tanah berkenaan, pembelian hartanah seperti ini seeloknya dielakkan. Premium akan dikenakan berdasarkan nilai pasaran untuk melanjutkan tempoh pajakan. Tetapi tiada jaminan tempoh lanjutan pajakan akan diberikan oleh Pejabat Tanah.

Sebagai kesimpulan, hartanah berstatus Pegangan Bebas adalah yang terbaik jika anda dapat memilikinya tetapi tidak semestinya anda tidak boleh menimbangkan untuk membeli hartanah berstatus Pajakan dengan mengambil kira 3 faktor berikut:-

1. Lokasi dan bekalan yang terhad tetapi mempunyai nilaian yang relativenya tidak terlalu tinggi dengan hartanah lain disekitarnya yang mempunyai ciri yang setara.

2. Jika hartanah baru mempunyai Pajakan 99 tahun dan tidak kurang 75 tahun, teruskan hasrat anda untuk memiliki hartanah tersebut kerana tidak akan banyak isu yang timbul.

3. Jika hartanah mempunyai Pajakan kurang 50 tahun, eloklah carilah alternative lain kerana hartanah seperti ini akan mengalami kesusutan nilai yang amat ketara walaupun anda mengambil kira faktor lokasi dan bekalan yang terhad.[/i]

I would greatly appreciate it if someone could give a very brief summary translation of that.

The above article is basically on a topic concerning comparison of marketability of properties based on location differences and its unique pricing upon considering factors which include availability of property categories of accomodation like houses , according to the likings of property investors as opposed to private dwelling purposes.

It is a performance orientated market which changes according to time.

The author highlighted an experience which he has encountered with a project within a township which described a past experience that prompted him to write this article.

Before the author concluded with three simple deductions on his article, he rely mostly on his past experiences to draw the comparative differences of what he understood as freehold as opposed to leasehold holdings and the avaiiability of land premiums for futher extension of leasehold holdings prior to its expiry date and how suited are such markets operating within a limited time duration that is changing accordingly with the likings of each generation.

That I believe pretty sums up most of what is meant in that article.

I have this perception to rely heavily into FREEHOLD land status, in whatever properties I am interested in.

Leasehold always give headache

1) The need to wait for state consent on transfer
2) A longer time frame while waiting
3) lower MOF from banks
4) Lousy rates from the banks
5) Lower value for the Valuation
6) Premium for extension issues (if your property appreciates a lot in prime location, so do your premium, depending on the land authority)
7) The need to explain/convince to prospective buyers if you were to sell a leasehold property to him
The need to extend the lease to him, or he give it a pass
9) The need to wait for the RIGHT BUYER that accepts leasehold status
10) The anxiety caused by people condemning leasehold, and you have sleepless nights
11) There are so many FREEHOLD properties around, why buy leasehold?
12) etc...

Leasehold property, big NONO to me. Nowadays, leasehold properties are priced equivalent to freehold properties. Like Hassan said, on the Damansara Sutera project, double storey terrace (leasehold) already costs RM560,000 !! and that is not even Petaling Jaya address (Borrowing damansara name because it is under MBPJ). My as well I get a Freehold double storey at Bandar Puteri Puchong at the same price. Or my as well I buy SS2 sec properties at RM550,000 (freehold, toll-less, top-notch location).

Freehold properties in the long run, still prevails. If you think for own stay, leasehold not an issue is not exactly true, because your house will be handed over to your children anyway (if you don't sell). At that point, lease has dropped, and who will renew? YOUR CHILDREN.....

My 1 cent........

Talking about inheritance, for shops it's BEST RECOMMENDATION to have freehold. Cause when you are doing business. You are indeed inheriting them for your childrens to continue the legacy. This is your own security for the family than working for people. Cause employing companies does come & go and people are left jobless. That's indeed sad reality for sure. Besides that no one in his/her right mind allow their shops to be taken back by state govt when lease ends. That is when businesses are obviously good.

Household is one subjective question, many of our older generation insist on freehold. No freehold no buyers in the past. They wanted every one to stay under one roof. However due to current situation with regards to individual career profession does not permit their children to stay at same place. Many opt to move out seperately to different places. In fact you have no control over your childrens during their adulthood. In addition to that if you have 1 children you are giving him/her a golden spoon. For others they will be fighting all out for the property over your written will. Else for leasehold you leave them a choice to continue to pay for ext at least cheaper than buying new house. Else leave it to the state govt to take them away... simple as this. But the in reality they will have the unit sold.

For me I always prefer freehold. The issue now is how it does serve individual interest which is somehow mind boggling. Location to interest is one of top priority to commute to from work & leisure. Another thing also recent dev by state govt leave no choices for people to choose from freehold except lease.... You can choose from freehold at high end dev at exhorbitant price same place. Perhaps shift to somewhere further for freehold prop going with the flow....