Asked by YS
Hi, for the 99years leasehold strata, I heard there are two types of lease hold.
One is the actual leasehold that is under state land.
Another is the the leasehold that is leased under a developer, in which the land is actually a freehold / 999years, but it is purchased by a developer and then sell with leasehold 99years to buyers.
If this is true (the second type), why it is allowed by the authority.
Could I check & obtain the info of actual leasehold or leased hold by developer in SLA website, via the Intergrated Land Information Service.
Thanks. :)
One is the actual leasehold that is under state land.
Another is the the leasehold that is leased under a developer, in which the land is actually a freehold / 999years, but it is purchased by a developer and then sell with leasehold 99years to buyers.
If this is true (the second type), why it is allowed by the authority.
Could I check & obtain the info of actual leasehold or leased hold by developer in SLA website, via the Intergrated Land Information Service.
Thanks. :)
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In a long run (after 15 years), I think there is difference between leasehold of state land and of developer.
I think the tendency of en-bloc and re-selling value are more promising for the former than the latter.
Especially, for the latter, the buyer's choice is very limited while the developer (has cash holding power)may just need to wait until end of 99years to have the land back and re-build and then re-sell.
Please correct if I am wrong. Thanks.