Hi All.

My dad want to help his friend selling a plot of land.

it is 10k sqft. price is rm70k. Upon hearing this news, I decide that I want to buy it since it is a bargain. most lands at that size worth at least 300k at that place. this is my estimation by viewing the lands price in that area through mudah.com. im not really certain the actual price of it tho.

Here are the catches

- land is under kaveat= must be use for oil palm plantation.
-lot bumiputera-
- leasehold- 47 years left.
- problem with grant holder

-can we remove that kaveat? the land is in the middle of a town. it is surrond by shoplots and housing area. i intend to flatten the area and build something else like motor workshop/carwash, etc. if this is not possible, i want to sell the land at current market price.

-how much to extend the leasehold? from what i read it is not that expensive.

I want to ask about property agent too. how much do I need to pay for their services? Should i try on my own to sell the land later on? How about the lawyer fee?

I have zero experience regarding land business. sifu please help.