Good to see it is still BBB even no more DIBS.
Is this leasehold?
How many years left?
Midfields 2, Midfields 2 Finally Release
Midfields 2, Midfields 2 Finally Release
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Apr 26 2014, 12:47 PM
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#1
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Junior Member
294 posts Joined: Jun 2008 |
Good to see it is still BBB even no more DIBS.
Is this leasehold? How many years left? |
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Apr 27 2014, 01:58 PM
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#2
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294 posts Joined: Jun 2008 |
Leasehold left how many years?
75? |
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Apr 27 2014, 02:56 PM
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#3
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294 posts Joined: Jun 2008 |
Left 75 years or lesser.
Ask lah.. I also don't know. |
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Apr 27 2014, 05:05 PM
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#4
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294 posts Joined: Jun 2008 |
QUOTE(humms @ Apr 27 2014, 03:09 PM) strata title is not even issued. the remaining lease you're referring to is based on the master title. the usual standard by developers big or small is when they apply for the subdivisioning of the buildings for strata title issuance, the lease will be refreshed to 99 years. unless YTL so cheapskate they don't intend to refresh it and maintain the tenure when they apply for strata title. that we'll see. I know there are some projects that YTL don't renew. Chance are they will not. If not they would've factor it into the selling price. 74 years and by the time it is ready only left 71 years nia. |
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Apr 27 2014, 05:21 PM
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#5
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QUOTE(humms @ Apr 27 2014, 05:13 PM) will check with YTL later if they're going to refresh the tenure upon issuance of strata titles. So far verbally confirmed on lake fields that they will refresh it to 99 years upon issuance of individual titles / strata titles (reed and grove) for all phases Better get it in B & W.If the sales person leave then you habits lor. She tell you only ma... You got prove meh? |
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Apr 27 2014, 05:26 PM
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#6
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294 posts Joined: Jun 2008 |
QUOTE(humms @ Apr 27 2014, 05:24 PM) or get all purchasers to petition to YTL to refresh to 99yrs upon issuance of titles if they're not doing it. Don't think that can be done.either way, it won't be much to refresh another 20 years:- formula is 1/4 % X market value of 99 years similar land X no. of years to renew = premium payable for renewal Willing buyer... Willing seller. You buy as it is. Developer always wins. |
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Apr 28 2014, 09:34 PM
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#7
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