Ramifications of leasing out freehold land under Private Lease Scheme
The land laws of Peninsular Malaysia are governed by the National Land Code, 1965 (Act 56 of 1965) (NLC) and has been in force since Jan 1, 1966.
The land laws of Peninsular Malaysia are governed by the National Land Code, 1965 (Act 56 of 1965) (NLC) and has been in force since Jan 1, 1966.
KUALA LUMPUR (Sept 21): The international property and infrastructure group Lendlease and the master developer of the Tun Razak Exchange (TRX) TRX City Sdn Bhd has officially launched the Tower B of TRX Residences, after all the units of its Tower A sold out during pre-sales period.
KUALA LUMPUR (March 10): Kanger International Bhd has signed 10-year lease agreements for two of its commercial buildings in Ganzhou city, China.
KUALA LUMPUR (Feb 3): Although the Malaysian property market is experiencing slow recovery due to oversupply, Australian-based infrastructure and property group Lendlease Group is confident there will be demand for its ‘value-proposition’ residential tower in the upcoming financial district here, the Tun Razak Exchange (TRX).
KUALA LUMPUR (Jan 15): The retail portion of The Exchange TRX (pictured) is 50% leased and committed compared with 26% a year ago, while “final negotiations” on retail tenancies are on-going, Lendlease Asia chief executive officer Tony Lombardo told The Star in a recent report.
KUALA LUMPUR (Dec 17): Packaging materials maker and property developer Scientex Bhd is buying 18 parcels of leasehold agriculture land in Kota Tinggi, Johor from Fiamma Holdings Bhd to be developed into a mixed property development.
SHAH ALAM (Oct 17): Set to be Shah Alam’s largest mall, Setia City Mall is currently undergoing an expansion which will add some 450,000 sq ft of retail space bringing it to a total of over 1.
For business owners who operate from their own buildings, grappling with the current economic uncertainties have led them to consider ways to earn some cash from their properties.
KUALA LUMPUR (Feb 18): Law firm Herbert Smith Freehills said today it advised Lendlease Corp Ltd on its role as sponsor in relation to the RM2.
SINGAPORE (Jan 14): If the collective sale of the iconic Golden Mile Complex goes through, the property may be developed as an integrated development with a gross floor area of 925,456 sq ft.