Private Dweller Ownership Scheme, just announced by the Selangor government, is indeed a welcoming initiative. This scheme allows Selangor residents to apply for lease renewal and extension with easy payment scheme of only RM 1,000 premium. This has completely solved the problem of expensive lease renewal for the residents in PJ Old Town with expiring lease.

Beginning 1st June 2011, all residential property owners in Selangor can apply to renew and extend the land lease to 99 years by paying RM 1,000 premium. This shows that the state governments led by Pakatan Rakyat have continued to introduce policies that benefit the public and reduce the burden of escalating living cost. In terms of affordability, the lease extension premium under this scheme is unprecedented in our country’s history.
I believe that this scheme is fair, as it applies to all types of residential properties and it has no limit on the size of land. It also benefits the residents of New Village, including those low-income residents in the rural areas and fishing villages. This scheme also applies to the case whereby the lease is transferred to their children, but limited to only one time of transfer. However, this scheme does not apply to the sales of land and transfer of title to persons other than children.

Since Pakatan Rakyat started governing Selangor in 2008, my service centre has received many complaints by the public regarding the expensive premium on lease extension. Based on the previous government’s methodology, the premium is calculated based on RM 10 to RM 25 per sqft. In many residential areas, especially PJ Old Town, the senior citizens cannot afford to pay RM 70,000 to RM 120,000 for lease extension. After discussing this matter with the Pakatan Rakyat leaders and Selangor Mentari Besar, the Selangor government has decided to implement a uniform lease extension premium of RM 1,000 to benefit the people in Selangor.

This scheme has solved the all problems related to lease extension in Selangor. This is in line with the philosophy of Pakatan Rakyat that every citizen should own a home, with the land titles that belong to them.

Earlier, the BN government, especially the MCA, accused the Pakatan Rakyat of charging expensive premium for lease extension. This scheme has put the accusation to rest. The promise to introduce beneficial policies to the people has been honoured. Additional details regarding this scheme will be announced by the Selangor Mentari Besar in the near future.

http://cheanchung.wordpress.com/2011/06/02...-lease-renewal/

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Petaling Jaya Old Town residents can now extend their leasehold titles to 99 years by paying a premium of RM1,000 under the Selangor government’s Private Dweller Ownership Scheme.

Petaling Jaya Selatan MP Hee Loy Sian said details of the scheme would be made public soon.

PJ Old Town encompassing Section 1 to 4 comprises about 2,300 households.

According to Hee, 70% of the families there could not afford to pay the high premium to extend their expiring leases.

Villagers without land titles and TOL holders who have lived on the TOL land for more than 10 years are also entitled to the scheme with terms and conditions.

However, he said those who planned to sell the land or transfer the title would have to pay the full premium, though they would be given a 30% discount if they paid within six months.

“In the past, New Village residents needed to pay RM0.50 and RM2.50 per sq ft for an extension of 60 and 99 years, respectively, but now they only need to pay RM1,000.

“The Selangor government expects to receive a lot of revenue from lease extensions, while the public will benefit from extending the lease at a low cost. This is a win-win outcome,” he added.

He also encouraged those who could afford the full premium to pay it so that there would not be any hitches if they wanted to sell their properties.

http://www.starproperty.my/PropertyScene/T...htBox/12421/0/0


This post has been edited by smallizard: Jun 7 2011, 11:40 AM

good news ! this is so called rakyat's gomen

only in pj old town ??? how about the others area ? my condo now left 90 years, its worth to pay another 1k and extend to 99 = 90 + 99 ??? = 189 year ? is it count like this ??

because PJ old town left only few years if not mistaken... so after renew, set back to 99 years...

ur condo still early to renew

I live in section 4 pj.
Renting a room over there.
A lot people must be happy over there with this kind of news

more importantly, leasehold properties in selangor is set boom boom boom.
bbb mode in pj old towns especially.
those who firesale sect 14 last and this year sure feeling the pain with this news.

i read in chinese daily, it's for whole selangor state.
no, the lease extension max is only 99years. meaning to say if u renew now, your lease extension is 90 + 9=99

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Added on June 7, 2011, 11:30 amhope that PR can be the state gov forever...

This post has been edited by smallizard: Jun 7 2011, 11:30 AM

Great!!!!!!!!!!

Walao...

When Kl's turn ? hahahah ... do you think possible or not? i meant in this 5 years...

maybe when the same people running s'gor is in control at kl?

Haha......of course it is really a good news especially for the senior citizen who less money in the pocket.

But, why i understand that after the renew to 99 years old, if the owner what to sell the unit, they needed to pay back the balance of the renew value to selangor gomen.

eg.

Actual needed to pay maybe 80k, now u pay 1k.....later u sell it off after renew.....u need to pay back 79k to selangor gomen.

I think the concept is like that....

yes, when u sell the property.. u got to pay back the premium following the market value.
but at least good for those who really need home for generation.

good news la. it supposed to be this way. easy for rakyat to renew their lease. however i believe, if u have 99leasehold, but if gov really want your land, they can take it and give you a compensation and thats it right?

Change the gomen, as simple as it!

this is a powerful weapon for PKR..i was once a fence sitter, now i will support all out for PKR in selangor

U should since last yr. coz i find dat many road inklang has retarred

Better Malaysia? Yeah....

last time the news the uncle paid 10k+ for 100k+ house... scary.... now changed, better

promises versus actually done.

"some people" promises the sun and the moon but the sun and the moon never came.

"other people" never promise anything but:
1. leasehold land have been converted to freehold
2. free water every month
3. extension of leasehold land
4. record attraction of fdi for growth
5. and the list goes on and on and on .....

just wondering what if the "other people" group does oust the "some people" group would have been like?

Kudos to Selangor. Now BN sure will copy Selangor Gomen to benefit rakyat. Hooray.. But of course we all know who is more sincere la..