QUOTE(kbandito @ Jun 11 2013, 04:27 PM)
I think everyone should take note about the ownership rights in Medini Iskandar.
Medini Iskandar is not leasehold, legally it is lease that you are getting.
Iskandar Investment Berhad own the entire 2,000 acre Medini on a freehold basis, and they legally lease these lands to the lessee/(buyers).
You pay an upfront 99-year rental/(purchase price) to the land and property owner, i.e. IIB.
Your name won't appear as Owner in the strata-title, you will appear as the lessee.
Legally, you don't own the property , you are the tenant of the property for 99 years.
Goreng, goreng, goreng...Medini Iskandar is not leasehold, legally it is lease that you are getting.
Iskandar Investment Berhad own the entire 2,000 acre Medini on a freehold basis, and they legally lease these lands to the lessee/(buyers).
You pay an upfront 99-year rental/(purchase price) to the land and property owner, i.e. IIB.
Your name won't appear as Owner in the strata-title, you will appear as the lessee.
Legally, you don't own the property , you are the tenant of the property for 99 years.
Jun 12 2013, 02:17 PM

Quote
0.0197sec
0.49
6 queries
GZIP Disabled