QUOTE(OracleVoice @ Aug 22 2012, 02:26 PM)
This piece of land is leasehold and its under Kuala Langat district. Whether it is leasehold or freehold, i think it doesnt make much of a difference ( I'm not saying there isnt ), as but the time the property lease is finish, you can renew the lease with a couple of thousand only.
Furthermore, I havent seen any leasehold in Malaysia which is expiring in the next 50 years. And by then, you would have decided to change house as most people will be complaining that the design or structure is old and outdated.
FYI, in China, none of the property is freehold, all is governed by government and leasehold. Even in Malaysia, freehold property doesnt protect the owner 100%, the government can take back a freehold property for re-development but because of freehold, you will be compensated better than leasehold.
For interest buyers, do drop by at their sales office located at Kota Kemuning; right opposite the Old Town White Coffee outlet and see more of their development. In the near future, there will be commercial centers, malls, cinemas and etc.
YOu are wrong. Technical and practically there is a big difference between LEasehold and FReehold in MALAYSIA. Try selling and buying those with lease less than 60-70 years? Try doing title transfer? Comparing with China is not proper in my opinion ... Why dont compare with those countries in which there are existence of freehold and leasehold
Secondly, there are plenty of land or properties expiring less than 50 years. ....
Near future, 5 yrs?? What do you mean?? Havent even sell the house yet already can commit to cinema and malls....amazing....We all know about town plan ...plan is plan ..the question is when and how?