QUOTE(youngman778 @ May 27 2009, 03:33 PM)
base on my little research, here's the understanding/finding of LH:
1) review (by authority) happen at year 60, 30 & 0
2) authority have right to take your land without ur consent, they will then compensate according to market value
3) you may start to apply for renewal once it touch 30 years or below, however renewal will definitely incurr land premium
disclaimer:
a) regarding either the market value or land premium, they alwayz have a veto said on the so call "decent value"
b) LOW market value & HIGH land premium is alwayz the case observed
refer to the bolded part. Not quite true, our authority is not in fascism state, my dear. If u are not agree to their compensation amount, u can always engage a registered property valuer. U can appeal and challenge them if there are vast amount between your valuer's finding and authority's valuation dept's one.1) review (by authority) happen at year 60, 30 & 0
2) authority have right to take your land without ur consent, they will then compensate according to market value
3) you may start to apply for renewal once it touch 30 years or below, however renewal will definitely incurr land premium
disclaimer:
a) regarding either the market value or land premium, they alwayz have a veto said on the so call "decent value"
b) LOW market value & HIGH land premium is alwayz the case observed
please take note that whatever there are lands acquired by government, they will pay accordingto the market value. No that kind of "take it or leave it" offer.
May 29 2009, 03:23 PM

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