QUOTE(shaybaby @ Jul 29 2013, 10:53 AM)
80 years leasehold still long way to go la...
In Sarawak properties mostly 60 or 66 years leasehold.. Some even 30years leasehold max only...
So 80years still consider alot.. Nobody will stay in a property for more than 5 years nowadays...
If lease finish.. Worst come to worst, renew premium only ma... According to OMV of property...
Don't be too confident, not all lease finish can get automatic renewal. Properties near expiry lease will have difficulties getting loan. Of course, 80 years still long way to go.
JOHOR BARU (July 23, 2013): The Johor government has no intention of extending the duration of the land lease to industries at the Larkin industrial area which is scheduled to expire in another 15 years.
Menteri Besar Datuk Seri Mohamed Khaled Nordin said this was to enable the state government to use the land to build housing projects for the people.
In fact, the state government had identified the agency which would be entrusted to carry out the project, he said at the breaking of fast at the Abidin Mosque, Taman Sri Skudai here, yesterday.
He said with the lease tenure to expire in another 15 years, it would give ample time for the industries to look for new locations to carry out their operations.
At the function, Mohamed Khaled presented Hari Raya contributions to 144 residents of Taman Sri Skudai, comprising the poor, senior citizens and orphans. – Bernama
(Taken from The Sun Daily)