Good News Negeri Sembilan House Owners: Leasehold Properties Can Now Be Converted To Freehold

Posted on: 2018-07-25



While leasehold property owners in Negeri Sembilan can now have their titles converted to freehold, priority will be given to owners whose titles are nearing expiry, reported The Star.

This comes after the Federal authorities has said that such properties can be converted to freehold status based on the National Land Code’s provisions, said Mentri Besar Aminuddin Harun.

He revealed that the Land and Mines director-general has told him that the state government only has to submit an application to the Federal Government.

With this, Aminuddin administration has decided that an individual who owns “more than one leasehold property can only apply to convert one to freehold status”.

His other properties will remain leasehold,” said Aminuddin after opening a Xiang Qi (Chinese chess) tournament at SM Agama Haji Mohd Said in Seremban.

Prior to the May general elections, the state Pakatan Harapan pledged to convert leasehold properties to freehold once elected to power.

Aminuddin shared that he was glad the pledge would soon be realized.

Share:

Source From: Propertyguru

Other News & Articles


Property Owners Rely On Auctions Instead of Agents

Property owners are auctioning their real estate amid a weak secondary market instead of relying on agents, according to auction houses. ...

Posted on: 2019-06-20

More Defaults Expected in the Second Half

The number of properties entering the auction market as a result of default payments is expected to increase in the second half of this year, a valuer said in early May. ...

Posted on: 2019-06-20

Hong Kong Buyers Snap Malaysian Properties For Retirement

Homebuyers in Hong Kong are turning to Malaysia for their retirement homes and second homes, with Penang, Johor Bahru and Kuala Lumpur getting a lot of interest due to affordable prices and a supply glut....

Posted on: 2019-06-20