I have a 2-storey shop lot at Taman Midah, Cheras with 50 years left on the lease and I would like to extend it. I'm planning to renovate it and build two more storeys. Should I extend my lease before the renovation or after? I'm worried that my premium will double up after the renovation. Appreciate any help

How do you extend your lease? or you mean the shop lot extension?

This post has been edited by kelvinfixx: Feb 5 2021, 04:49 PM

50 years is a long time, would not really care unless you plan to resell in a few years

Also, I think renewal is based on land value

I want to renew it to 99 years. Have to pay premium.

how much to pay?

I want to add 2 more storeys and rent it out because it's walking distance from a MRT station

That's the big question mark here. Do I need to get a valuation on my own or PTG will calculate the premium for me? Hasn't been to PTG yet. Wanted to ask DBKL first if they allow me to renovate. Anyone knows what's their business hours during MCO?