Scenario

Aaron has a plan to purchase his first home. He heard that leasehold property is cheaper especially those closer to its expiry. Is that true?

Mythbusted.

The land’s price may be cheaper in comparative to other leasehold land which has longer lease. However, the location and the condition of the building on the leasehold land also will affect the price.

So, how much did you know about this Legal Myth? Share with us your thoughts and feedback to us. Ask us a question on AskCA@Thursday or suggest a Myth Buster for us.

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