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 Penang Land Ownership issue, leasehold to freehold?

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tinkerbel
post Jul 4 2008, 03:37 PM

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@kbandito,
U mean to convert all leasehold land into freehold titles?
tinkerbel
post Jul 4 2008, 03:40 PM

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@kbandito,
I haven't been following the news on this but the Penang State Government did issue a statement to say they will allow ALL residential leasehold property to be converted into a freehold property.

Also, there really is no permanent ownership cause we're all stewards tongue.gif
tinkerbel
post Jul 4 2008, 04:27 PM

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@harrychoo,
Hence since directive been issued on conversion, if U haf to go get it converted, quickly do it! biggrin.gif
tinkerbel
post Jul 4 2008, 04:41 PM

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@harrychoo,
If that is the case, go as soon as ur eligible, don't wait biggrin.gif Also, what do U expect of these developers? They're done with KL so it's now PG and JB's turn *grins*

Also, personally I don't see how this conversion from leasehold to freehold is going to affect the entire market in PG since everyone will be on equal playing field.

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