Okie well.. in my limited knowledge,
leasehold land really ONLY exist in commonwealth nations, and it varies in slightly different forms in each countries, some
will allow only up to 30 years or 50 years of lease (thailand, sg), in Malaysia its commonly 99 years while S'wak is 30 yrs if not mistaken.
But in UK itself, lease will extend up to 999 years.

'Leasing' the land comes from feudal system really, where no commoners actually 'owns' the land, they merely 'borrow' it while giving
tithes to the land owners.

While in modern UK this is still in force, at least 999 years is acceptable in terms of preserving the value long enough.
Some project locally while taking into account the holding period & construction period, it can be less than 90 years left..

Further to add, renewing the lease takes into calculation the value of the land WHEN the lease is renewed. The current market price
is used regardless of whether you bought it 50 years ago or not. Is this fair to leasehold land holders vs freehold? 

Alright, communist legacy systems aside, as you cant expect to own something if the policy is everything to be "shared equal".
Regardless of whether we have more freehold than leasehold in the past, the government can actually do something to it instead
of making things complicated. Come on, why maintain a policy that burdens the system when not every mechanism is oiled and greased?
And to serve what purpose?

For PJ case it the end its still to the discretion of the state government. Else at current PJ land price, it will be bad ... whether 2/3 or 1/10,
its still at current market price, whereby the people are supposely the owner of the land.
Case by case basis yes, residential land remains hopeful for premium reduction, but why put this burden on the people ..
For something that is uncertain, the value gets discounted ..

Thanks for the reminder. It think i got solid proof where he sent me another very unofficial letter to sign and stated that both owner and buyer do not know that the unit is not a bumi lot at 1st place.
the most important thing is that he as the agent who sell the thing should have make sure + clear on what he is selling. if he is uncertain, just tell me that he dunno, shouldnt confirm it is not a bumi lot. it is either he at 1st place plan to cheat me or his mistake for not making sure what he is selling

another sad case indeed.
with my property hunt some time ago, i easily met up with more than 3 dozens agents. of that, i can only say less than 5% are good agents. the other 95% are merely lying their way around.
sad to think that some or most of these morons actually made big profits from their commission of successful transactions.
haih!

I think you dont get other people's main point. Whether you reveal his name or not, how does he prove that dingdong985 is your real name ? and that he will specifically come to lowyat forum to check you ? secondly, when you reveal his name, im sure many people will pretend to go and test the water before boycotting him(well, maybe some will)....in a way, when you reveal his name and property name, many with not much knowledge in this area, will be saved.

I find it a bit illogical for you to think about his rice bowl when he already ripped you off, seriously. 
Indirectly, you are encouraging more real estate agents to commit such thing, because you are OK with it...as I said in some of my previous treat, shouldnt use real estate agent service if you want to buy house or sell house. Not all real estate agents are bad, but their service is ONLY necessary if you are too busy.

hi guys...the agent has agreed to refund to me by tomorrow 5pm.
So i think the case is still pending as I havent receive money in my bank.

regarding the name....sorry, i still dont hope to review it....only able to advice u guys to go thru the processes mentioned all this while by experienced buyer so that you guys wont fall into the scam such as what im having right now.

Finally get refund!!!!!! quite relief d.....but until i saw the money in account i can fully relief

no offence... but that is a very shallow statement. 

that's why tell all of us lahhhhhhh, aiyoh i really dont get u why so protective ? u think if you disclose his name, he kenot cari makan in real estate, he cant jump to other field meh ? aiyoh, KL/City people not as stupid as you think lah....

instead of saving a rice bowl, why not u save a lot of other rice bowls(the buyer) ????

i agree, but dont you think if you know that person, you should skip right away ? dont have to waste time to listen to him....anyway, im unsure what if the unethical thing if you expose his name though...

michael, it's true that everyone needs to move on. However, easier said than done, especially if in the event that dingdong cant get his refund and he loses in everything he does ? the point is dingdong might be lucky, but what if others might not be so lucky ?

who are you referring to for the word "buggers" ? 

i hope you dont assume that everyone likes to be spoon fed, your assumption should be yours only...not others.

want to ask, i planning to buy apartment directly from the owner.
and i ask her whether is it non bumi lot, she say she dunno as her S&P doesn't stated anything. are she lying?
how i going to know whether the unit is bumi or non bumi by asking her to show me any document?

sorry i am new and this going my first buying. what is strata title?
and it will stated clearly non bumi or bumi?

actually the owner is bumi, that's what i afraid of.
but for bumi lot, they cant sell to me also right? so actually no risk?

Hi dingdong985, one of my fren also bought a bumi lot last year. He bought it via bank lelong (auction) actually. Also to found out that it was a bumi lot after winning the bid. No hope to get back his deposit $ anymore. But he went to the state man and got his house title to be changed to non-bumi lot finally. Of coz, that was during election period  and also went though some 'special' process in order to get the title change done.

I rented a house which is through a property agent (Ms Choo). This agent is from Yuyi Properties.

When I rented this house, the house is totally broken as most of the wood already eaten by the termites. then I requested to do a small renovation to the house. Initially the agent refuse as she claimed was too expensive and she wanted to increase my rental if they renovate for me. I was wondering this house is belong to them, even not me to request other people will request so! At last i told her if wan increase the rental i dont wan to rent or just remain. At last the landlord only agreed to renovate for me.

Thus, the agent get the low quality contractors to do for me, a small renovation took one month to complete and yet they did in simply way.

When it was completed, i realised two of my extension wayar were missing. I asked the contractor but they say not sure and will get back to me but i didnt get their call afetr that.
Until I really need to use the cable, i called to the agent told her this case. She said can claim from her then only I went to buy 2 extension wayar. Frankly speaking, the 2 missing are costly than the 2 that I bought. I know this agent is very stingy so I purposely choose the cheapest one.
The worst thing happened after that, I told her how much total i bought and scan my receipt to her.
She sms me saying she gonna pay for one only then immediately she off her hp.

I was very angry with her as she broke her promise and provide me such service.

I hope everyone must aware of such agent who is so much unreliable

how about if the agent show me the SPA that the owner is a non bumi. I wil rather buy from a non bumi to avoid troubles. Since there is many options there. I rather pay slightly higher if it is a chinese or indian owner. (vs Malays owner). i dun want to take risks. Also if u do title search (if Malays), lawyer will charge u too. I feel safer if i buy from a non bumi.

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Added on June 15, 2011, 12:15 pm

very true, one of my best fren kena..

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Added on June 15, 2011, 12:47 pmi was once persuade by a agent to buy a bumi unit at suria jelatek (junction of jl ampang/jl jelatek). suria jelatek is 70% belong to bumi coz it is a DBKL jv.  The agent told me the developer can change the unit to non bumi coz state govt oni want 30% quota, hence the remaining 40% can change to non bumi. (just pay back the 7% bumi discounts). luckily i didnt buy the unit after my lawyer advised me not to buy. lesson learn:
1. dun believe the agent 100%
2. dun lured by the lower bumi price
3. pls consult your lawyer b4 buy a prop

I guess this is the way to get more calls from buyers?? I encountered this so many times until I'm not even sure whether the unit has truly been sold or they don't really have the unit in the first place... BTW met an extremely rude agent lately and has lodged complaint, not sure if effective or not...

But the 'market price' posted in iProperty is not the real market price.  Posted is RM500k, after viewing is RM550k.