I tried my best to make it look better liao

680sf

Biji living still got many units available, especially bigger units.

See the calculation method, the value of the property cannot be over than the market price of the property as the price is calculated lower based on the market price at that time of the per sqft.

That is why Selangor came out with this RM1K scheme for all the renew the leasehold on condition you cannot resell unless you pay finish the sum.

This is the question, why will the property price decrease if the land value keep increasing as both is inter related? If the land become valuable after 99 years, how on earth will your unit become 0? I just look at the house property, if you buy at 70s till now, the price raise atleast 10 times more.

If it is been offer to extend the leasehold, high chances everyone will agree as it is simple maths calculation.

Again, the same question again and again, refer to the calculation method above and you will know it will definitely be lower than the market price, maybe 2/10 of the market price to renew back.

After lease end, it will usually be back to the state government, this is where the political cause come into picture on why they refuse to renew the lease.

Seriously, you don't follow the topic at all, not assume, the fees already have a formula calculated for all leasehold property in Selangor which the main variable be the current market price of per sqft and as of now we don't have any condo example but there is countless of leasehold houses been renew like the PJ Old Town area which still have 10-20 years time and by the way, even my area which have leasehold house in PJ Sec.14 can apply in advance with 40 years remaining in leasehold. Yes, some already manage to renew in the sample I said.

All this thing is not assumption but a process already done by others but not on condo on leasehold land yet I believe.

Then, you are the one saying all this assumption,  meanwhile mine is based on current policy and current practices. Yes, everything can be change so I only can use current practice to judge.

Yes, this all apply to all leasehold property. By the way, this is not only in PJ, but we have an act with the extension of leases for leasehold properties is governed under section 197 of the National Land Code (Act 56 of 1965) pertaining to the applications for approval of surrender of the whole of the land, as well as the land rules of the various states.

For the state of Selangor, the extension of lease is governed by the Selangor Land Rules 2003 and Selangor Quarry Rules 2003.

And if you follow the argument of my statement "If the land become valuable after 99 years, how on earth will your unit become 0?", here some are stressing that even if they are given opportunity to renew, the owner might not want to renew which I said does not make sense as why someone will rather loss their ownership than renew.

Some even argue that the price of the property might be lower than the renewal fees that does not make sense as the maths calculation use for the formula to calculate the fees is making sure the fees won't be above the market price of the property.

This is where my argument come from, I believe majority will renew their leasehold instead of giving up the property if they will be offer to renew the leasehold period!

I said if we can renew the leasehold period and most of us will renew as it is weird for anyone to reject renewal process where here some said this hard to be done as some will not want to renew.

I am stressing on this property more which is in PJ under Selangor. Yes, this is for Selangor only. What happen before this? Very obvious, for scenario you are given a chance to renew but you rather lose the property instead of renewing due to non affordability, logically to said you will sell this to another buyer who is willing to buy factoring in the renew fees. Currently, only landed house I seen. So I judge based on existing scenario.

I have seen this happen as your selling price will be lower than any existing house which is freehold as they are factoring in the renewing fees. The buyer will survey the chances through seeing anyone successful in getting the approval within the area.

This is the whole discussion here.

I did not said it is impossible for leasehold expiring to happen and also I did not said there is no possibility the state government will not renew the leasehold. If this cannot be renew, then obviously you will lose the ownership. I don't know where you see I mention this. By the way, in Malaysia, I don't think it is easy to evict a whole population of a condo if we see from cases of all this illegal homes which is given compensation even without paying a cent for their so called home. This is just my opinion that high chance on the renewal approval and obviously this is just my assumption.

Yes, the scenario happen in Singapore which does not match Malaysia scenario due to the larger land with no shortage yet as we have countless of scenario of leasehold been able to renew as you can see the whole Old Town in PJ area able to renew.  I haven seen such large scale of denied leasehold extension yet in Malaysia. As mention for Singapore case, this kind of scenario of a whole condo been evicted due to leasehold expiring is not happening yet also and they also wondering what will be the effect of throwing such a huge amount of people out if they are not renewing their leasehold property. 

Funny if I buy this property, will you not telling others you are the owner of this unit? Are you going to tell others that you are a tenant or lessee as you mention here?

I am looking more to current practice in Malaysia, we have sample cases just next door from Section 13, PJ, Old Town PJ and Sec 14, PJ, all leasehold property been able to renew from their 60 years and 99 years to new 99 years. So for now, we cannot really take Singapore scenario to compare with Malaysia as there is really a big difference in policy and supply. Another one is there is countless of example those illegal housing community been compensate with units, this is nothing new, you can search countless of that. This is how Malaysia works.

And yes, one of my neighbor in Jalan 14/20 manage to renew his property expiring in 35 years time which is just few streets away from this property. But all this is landed houses, but atleast this show that renewal process is not in low chances for this area.

Actually, this question of whether the building can last 99 years is not on leasehold or freehold anymore. Even if you have a freehold, the whole building collapse or the building no longer safe, even if you have freehold, you will come to the same question also.

If you use the Desa Kudalaris scenario which is built in 1980s, means around 40 years, let's said it is leasehold which have around 50 years and someone want your land, freehold or leasehold, you are in the same boat unless the interested party want to wait 50 years only and making sure the land is not been renew by the owner.

Obviously, the land value will be different, your buying price for leasehold property will be cheaper than freehold my friend. Are you kidding me? The price you buy also different, freehold you bought that time also much higher. When anyone want to buy secondary market for leasehold also, mention alot of time, they will definitely factor in the renewal process and the fees. Funny question you asking.

And by the way,the land still belongs to you while in leasehold, don't keep thinking the land does not belongs to you when it is just 20-30 years passed only. This is why anyone buying leasehold, they need to understand whole process and not just blindly jump in saying it is long time more.

I think you are funny, you yourself also not happy till everyone said the same thing, I am discussing something related to this property on the renewal of the leasehold property and here you are the one saying this property is worthless as time goes by. By the way, do you even aware ryan and miho is a leasehold property? That is why this leasehold renewal come out and the issue that might happen in long term.

Who is the one talking something not related here actually? If you are interested with this property, obviously you will be interested to know the surrounding issue especially on your chances of renewing the leasehold, why on earth will I buy this property if I know this is hopeless property in long term!

40-50 no idea lah.

but first 30 years actually not much difference between fh or lh.

look at tropicana, or kota damansara. these are good examples of location which is lh but still very maju

Seriously, why are we debating who is the owner as you buy the unit, now YOU ARE THE OWNER FOR 99 YEARS.  Consent or not, it is just part of the process to sell, it is not as if you cannot sell at all.

That is why when nearing expiring and you manage to renew the leasehold back to 99 years, your lh property will increase in value compare to before you renew.

By the way, I have no idea how is the growth between lh and fh as lh is usually cheaper than fh. In long term, normally fh will be great in price.

Anyway, obviously fh will be better than lh, so there is no debate needed at that at all.  By the way, I roughly understand the renewal process which is my question and just merely pointless to debate whether possible to renew or how complex it is as I just want to know the process if given the chance to renew. If giving option, fh will be the best but if somehow you like the location of lh property, just have to understand how far we can go with this for own staying while minimizing all possible losses.

So no point to said how good is fh as I just want to know all related process and option I have with leasehold property instead of just wait till leasehold expired and there goes the ownership returning back to the state.

I am more to type B, still looking at tropicana gardens also but it is much pricier there. Have been looking around that neighborhood for landed also, as the only affordable option for me will be those leasehold houses, RM700-750K, quite attractive but need big renovation.

In Sec 14, there is successful renewal in that area, after you renew, you can sell unless you subscribe to the RM1k scheme, as for the renewall fees, you have to know the exact market value determine by them in sqft. The last one I see few months back is in Jalan 14/14 and Jalan 14/20, not sure whether still around.

If the RM500 per sqft in my example, your renewal fees will be RM200K but right now, I am not sure why have rebate 30%, so it will be RM140. By the way, this calculation is renew 99 years. Most of sec.14 houses is 50-60 years old with 99 years leasehold compare to Old Town that is existed with 60 years old.

If the house haven reach expiration, so the fees will be much lower as 99 years minus remaining years. Like Sec.14, your renewing years most probably around 50-60 years.