even now also government has made unreasonable terms ... removed subsidies of diesel, next is RON 95 .. what's new? The lease renewal also is an income to the government, so don't expect much discounts if they decide to reconsider the existing method to calculate premium for lease renewal.

citrus orchard valuation is lower, hence, lease payment and assessment is cheaper.

At $22k rental/month, $1m for 99 years lease is cheap and reasonable.

If monthly rental is $22k/month, after lease is extended to 99 years, could worth >$4.4m.

the issue is most owners don't have the capacity to pay lease premium upfront and bank will only lend after lease is extended.


This post has been edited by icemanfx: Aug 2 2024, 03:41 PM

a 50% profit is not profit? money fall from sky?

Huh..

Damn crazy...

Pay 1mil premiums for 1.5mil worth property...

Not Worth at all....

How sure you're getting 4.4mil after lease extension

It's won't work that way...

Especially in Malaysia...

All low-ball one...

At $22k/month rental, $4.4m is 6% yield. For certain, many will buy.

Not all lots can command such rentals...

Don't blindly trust those agents...

They would tell all good positive thingy...

As long as >6% yield is worthy to consider to buy.

think you really need to go check your brain,
the property belongs to either him or the parents, so you think the property no value one?
even if you inherit the property, it still has a value, and you still need to pay inheritance fee/tranfer fees/legal fees everything.