Say the land title shows that it is charged to bank at 2mil in 2014..does this mean that owner borrow 2mil from the bank to finance the land ? if this is the case, given that usually loan to value ratio for land is ard 50%-60%, bank value the land at 4-5mil ? or owner use the land as collateral to refinance 2mil? or there is other meaning?

Please enlighten. Thanks.

i see.i m in east malaysia and seems like west and east has slight differences as land titles here will state the amount of charge, name of the chargee and chargor name but not the purpose of charge...thanks for the reply..