And also if Eco Templer address change to Selayang the price won't be Rm850k, coz secondhand 20-30yrs old house 22x75 selling was Rm680-750k here
Investment SETIA ECO TEMPLER | CARSON CREEK, Home to The Legend of Nine Creeks
Investment SETIA ECO TEMPLER | CARSON CREEK, Home to The Legend of Nine Creeks
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May 17 2016, 09:07 PM
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Junior Member
130 posts Joined: May 2016 |
And also if Eco Templer address change to Selayang the price won't be Rm850k, coz secondhand 20-30yrs old house 22x75 selling was Rm680-750k here
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May 17 2016, 09:09 PM
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All Stars
48,443 posts Joined: Sep 2014 From: REality |
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May 17 2016, 09:12 PM
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All Stars
48,443 posts Joined: Sep 2014 From: REality |
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May 17 2016, 09:13 PM
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Senior Member
1,055 posts Joined: Nov 2015 |
QUOTE(Jasoncat @ May 17 2016, 08:47 PM) I reasonably believe SPS will extend the tenure to 99 yrs now or when handover else the buyers will lose out 20+ yrs instead of just 3 - 4 yrs being the norm. Buyers better confirm with SPS. I am not sure if it is possible to renew the land back to 99 years with 75 years still remaining.Maybe somebody with some experience on this could advise..... My experience is no. The developer just act blur if nobody question them...... |
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May 17 2016, 09:18 PM
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1,055 posts Joined: Nov 2015 |
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May 17 2016, 09:52 PM
Show posts by this member only | IPv6 | Post
#466
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All Stars
10,777 posts Joined: Sep 2009 |
I think the address should be postcode in Rawang.
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May 17 2016, 10:06 PM
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(David3700 @ May 17 2016, 09:13 PM) I am not sure if it is possible to renew the land back to 99 years with 75 years still remaining. Hope this still applies now under PR government.Maybe somebody with some experience on this could advise..... My experience is no. The developer just act blur if nobody question them...... Leasehold renewal for Selangor properties. This post has been edited by TOMEI-R: May 17 2016, 10:07 PM |
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May 17 2016, 10:15 PM
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Senior Member
1,055 posts Joined: Nov 2015 |
QUOTE(TOMEI-R @ May 17 2016, 10:06 PM) Those nearing expiry will defintely get it. But I am curious whether got 75 years remaining can get it done or not.......The developer may just say dun wori lah, will definitely can get extension one when the time comes......still got 75 years mah..... |
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May 17 2016, 10:18 PM
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All Stars
20,146 posts Joined: May 2011 |
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May 17 2016, 10:23 PM
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(David3700 @ May 17 2016, 10:15 PM) Those nearing expiry will defintely get it. But I am curious whether got 75 years remaining can get it done or not....... I dont think the developer will do anything unless the buyers create a big fuss over this issue. Then again, according to the SA, there is a 110 people waiting list for their terrace houses now (not sure true or not) The developer may just say dun wori lah, will definitely can get extension one when the time comes......still got 75 years mah..... |
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May 17 2016, 10:28 PM
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Senior Member
1,055 posts Joined: Nov 2015 |
QUOTE(TOMEI-R @ May 17 2016, 10:23 PM) I dont think the developer will do anything unless the buyers create a big fuss over this issue. Then again, according to the SA, there is a 110 people waiting list for their terrace houses now (not sure true or not) Buyers also not wori, why the developer need to do extra right ? |
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May 17 2016, 10:50 PM
Show posts by this member only | IPv6 | Post
#472
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Senior Member
10,001 posts Joined: May 2013 |
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May 17 2016, 10:53 PM
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Senior Member
9,913 posts Joined: Jun 2014 |
QUOTE(David3700 @ May 17 2016, 09:13 PM) I am not sure if it is possible to renew the land back to 99 years with 75 years still remaining. If I'm not mistaken, it's doable but seldom people will renew the lease while the remaining lease period is still long as the calculation of lease premium takes into account the whole 99 years to be renewed instead of the 99 years less the remaining years. The formula is 0.25 × 0.01× price psf × land area × lease tenure (99 yr), so it's not worth to renew it earlier.Maybe somebody with some experience on this could advise..... My experience is no. The developer just act blur if nobody question them...... Anyway, I stand to be corrected. |
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May 17 2016, 11:03 PM
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Senior Member
1,055 posts Joined: Nov 2015 |
QUOTE(Jasoncat @ May 17 2016, 10:53 PM) If I'm not mistaken, it's doable but seldom people will renew the lease while the remaining lease period is still long as the calculation of lease premium takes into account the whole 99 years to be renewed instead of the 99 years less the remaining years. The formula is 0.25 × 0.01× price psf × land area × lease tenure (99 yr), so it's not worth to renew it earlier. Thanks for the advise and clarification. ...Anyway, I stand to be corrected. |
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May 17 2016, 11:13 PM
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Junior Member
103 posts Joined: Dec 2011 |
actually rawang or selayang doesn't matter cos eventually address will catch up just like kajang. regardless of address I personally love that area as its close to nature at the moment.
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May 17 2016, 11:26 PM
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1 posts Joined: May 2016 |
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May 17 2016, 11:33 PM
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All Stars
48,443 posts Joined: Sep 2014 From: REality |
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May 17 2016, 11:35 PM
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All Stars
48,443 posts Joined: Sep 2014 From: REality |
QUOTE(David3700 @ May 17 2016, 10:15 PM) Those nearing expiry will defintely get it. But I am curious whether got 75 years remaining can get it done or not....... well that's the risk needed to be taken into consideration The developer may just say dun wori lah, will definitely can get extension one when the time comes......still got 75 years mah..... |
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May 17 2016, 11:36 PM
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1,055 posts Joined: Nov 2015 |
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May 17 2016, 11:41 PM
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48,443 posts Joined: Sep 2014 From: REality |
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