Monday, 6 August 2012

Lease renewal cost for leasehold land

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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