ONLY Freehold, Lingkaran Syed Putra, Petaling Jaya (2026)

Name: ONLY Freehold
Address: Lingkaran Syed Putra, Petaling Jaya, 52200, MY
Telephone: +60 12-335 5670

29/09/2021

If you are planning to look for a value buy FREEHOLD LANDED PROPERTY within RM500k - RM1.1mil especially before HOC 2021 end, you got to look at either North or South of Klang Valley. Southern will be towards Nilai or Northern will be towards Rawang (Southern side besides Damansara along PLUS Highway).
I have quite a number of NEW LAUNCH PROJECTS with GATED & GUARDED, FREEHOLD LANDED PROPERTY comes with CLUB HOUSE MEMBERSHIP.
I will guarantee you won’t MISS THIS CHANCE ANYMORE this time. Feel free to text me if you need further information and assistance.

16/07/2021

Few Disadvantages of Leasehold Property
1) It takes longer time to sell and own leasehold property. The general timeline used to obtain a state consent to transfer for leasehold property can be ranged from 3 months to a year or even more. Hence, the completion of a sale and purchase of a leasehold property is definitely longer than a freehold property.
2) High premium charges for renewal/extension
The ownership of the leasehold property will be revert back to the state government upon the expiry of the lease. Thus, the owners of the leasehold property will have to make an application to the relevant state government authorities for an extension or renewal of the lease before its expiry of which subject to their approval. Once the approval is granted, the owner will be required to pay a certain amount of premium for the extended tenure. The premium is calculated dierently in each state. For Selangor, the formula for calculating the premium for the extension of leasehold land can be found in the Selangor Land Rules 2003 & Selangor
Quarry Rules 2003. There are two options given by the Selangor government in their Guideline issued by the Selangor Department of Land and Mines (PTG Selangor), dated June 2011, for private residential ownership scheme are as follows:
• Option 1: To pay for the full rate of premium with a 30% rebate
• Option 2: To pay a premium of RM 1,000. If the owner decides to sell the property at a later date in the future, the owner then has to pay the balance of the premium at that point in time. A Registrar Caveat will be lodged on the land to prevent the owner from disposing the property to a third party. This scheme is subject to the condition that the owner continues to use the premises as his / her main area of residence.
The calculation of Full Premium is as below:
Premium = 1/ 4 X 1 / 100 X Market Value of the Land X Number of Years of
Renewal X Land Area (in Square Feet)

12/07/2021

LEASEHOLD VS FREEHOLD PROPERTY
– WHICH TO BUY?
Freehold and leasehold are actually two fundamentally different forms of legal ownership where in the former, the owner will have the perpetual ownership on the land for succession while in the latter situation the ownership tenure is granted by the government which is usually 30, 60 or 99 years. In fact in East Malaysia, the freehold title is virtually non-existence.
When buying a property, many of us often asked the same question. Should we go for freehold or leasehold properties? And which is the best choice?

What is Leasehold?
Leasehold property refers to the property belonging to the state government which is leased out to the public for a fixed amount of years. In Malaysia, Leasehold tenures usually last 30, 60, 99 or in some cases, 999 years. Upon expiry of the lease, the ownership of the property reverts to the state authority including any construction upon it. Nevertheless, the Land Acquisition Act 1960 empowers the state government
to acquire the usage of the land notwithstanding that it is the freehold land or leasehold land. Generally, the mandatory acquisition of land only took place in
the event the land is needed for the national development purposes and it can only be done with reasonable compensation to the owner. For example,
there is a lot of freehold land acquired by our government for the LRT and MRT projects.
Coming soon, I will share the disadvantage of Leasehold property. Stay tune ....

10/07/2021

WHAT IS FREEHOLD?

Pursuant to Section 40 of the National Land Code 1965 (Act 56 of 1965) (“the NLC”), all state lands belong to the state authority. Freehold properties refer to properties that are disposed of by the state to the owner in perpetuity. Hence, for Freehold properties, the owner is free to transfer / deal with the ownership of the property without the need to applying for any consent from the state authority. Besides that, property buyer shall also beware that there is also Freehold property that requires Consent from state authority to transfer. Potential buyers are advised to look at the title of the property to find out if there are
any restrictions on the land before deciding to make a purchase.

Address

Lingkaran Syed Putra
Petaling Jaya
52200

Telephone

+60 12-335 5670

Website

http://www.developers-link.com/

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