Jul 26 2013, 11:12 AM
QUOTE(shaqie @ Jul 26 2013, 11:05 AM)
i have the same dilemma.
From what i gather, it may not have any impact to you now but it would have an impact to your children if you decide to give them.
the thing about leasehold which i managed to find out is that if i want to renew the back to 99 years, is going to cost a bomb. if i am not mistaken, the calculation is 1/4 of the current market price x the no. of years you want to renew / 99 years...
e.g. balance of leasehold is 20 years and the property cost is RM1 million
to renew back to 99 .....RM1 mil *1/4 * 79/99 = RM200k
is this calculation correct?From what i gather, it may not have any impact to you now but it would have an impact to your children if you decide to give them.
the thing about leasehold which i managed to find out is that if i want to renew the back to 99 years, is going to cost a bomb. if i am not mistaken, the calculation is 1/4 of the current market price x the no. of years you want to renew / 99 years...
e.g. balance of leasehold is 20 years and the property cost is RM1 million
to renew back to 99 .....RM1 mil *1/4 * 79/99 = RM200k
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