will you focus on freehold property only? or? so far my unit is leasehold.
Login to PropSocial
Are you an agent? Sign Up Here
Not a Propsocial member? Sign Up
Sign Up with PropSocial
Already a Propsocial member? Login
will you focus on freehold property only? or? so far my unit is leasehold.
@domng thanks for your information shared.
Most common Leasehold tenures usually last 30, 60, 99 but in some cases, 999 years. Ofcourse Limitation and restriction is there by the state government. I had heard from legal consultant that normally if the tenure is 999 years, is that government think that that particular piece of land is not really a potential growing area. They might take it back anytime whenever the area are well growing. Ofcourse that there will be a compensation base on the Government Value Scale. However, There are cases where some land are not compensate too.
@windzneom
Leasehold for 30 years only?
Can please share with everyone where for instance. Thanks
As I know, PJ certain area is 30 years tenure previously. You have to pay for the extension of the leasing tenure when it is expired ofcourse. However, for now, in KL, mostly all 99 years leasehold.
@6011_3531_5354 thanks for sharing
Have comments on this topic?
Share your thoughts with us now.
171,187 readers have subscribed to our newsletter.
We respect your privacy. Learn more about PropSocial's Privacy Policy here.