103 years leasehold status
Everything is aesthetically beautifully. However, I am only deeply concerned with the way the property is sold. Far East holds the land in freehold status. They're just selling as 103 years. In time to come, why would any developer buy enbloc and top up the lease to Far East? Im not saying that Far East would be unreasonable, but its a profit oriented organisation too. Why would they ask for a low/market rate lease top-up premium as opposed to waiting for the lease to run out and take back the land at zero cost?