Below is the calculation for lease renewal cost for leasehold land in Selangor, for reference
The current premium for lease renewal is calculated based on one-quarter of the land's current market value, divided by 100 and multiplied by the number of years renewed.
or 0.25% of the land's current market value/ year
Source: http://www.theedgemalaysia.com/highlights/198096-lease-renewal-for-just-rm1000.html
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