Tag Archives: Sale and Purchase

Buying Freehold or Leasehold?

Does it really matter when come to buying a freehold or leasehold property? What’re the differences? I think the main differences between the 2 tenures are the land ownership. For the freehold properties, you will own the land while for the latter one, the ownership is mostly given by the government for tenures of 99 years.

freehold-leasehold

However, some of the people do not really care much about the tenure of the property while others find it quite important, especially when it comes to renewing leasehold titles. For leasehold and freehold properties with restriction, it will require the agreement of the state government in any kind of transaction. Therefore, the transaction period for leasehold properties with restriction is generally longer.

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