1 Answer

askguru expert
Hi Sir/Madam,

It depends on the surrounding vicinity of the project.

If your project is the only leasehold one among freehold developments, then I will refer to the selling price. It will only make sense if it’s priced at 15-20% lower for the leasehold unit. But when it’s stated that there's 60 years left on the lease, it’s difficult to exit the property later, as the loan process will be challenging for the next buyer.

The only reason why I would get the leasehold (60 years left) property is if the rental return percentage is double digits, but that’s my personal opinion.

Best regards,

*Answer provided during the Facebook Live session from #AskGuruSean on 24 Nov 2021. Read More