Friday, December 3, 2010

The Star: Lease extensions to 99 years

KUALA LUMPUR: State governments can approve applications for renewal or extension of leasehold land for a period of not more than 99 years unless they require the land for public purposes.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said all state governments had agreed to adhere to the new policy.

"The implementation of this policy would fulfill the needs of the rakyat who are worried about losing their land titles," he told reporters after chairing the 66th National Land Council meeting here yesterday.

Read the full news at The Star.

I personally think the leasehold land's extension should be 299 years or to be converted into freehold if it's been renewed for more than 3 times since we are living in the property on the said land.

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