[cityhantam]

First time came across this!

Can those who know share more info?

[cityhantam]

https://www.iproperty.com.my/news/privat...yers-58588

What is being sold to property purchasers through a Private Lease Scheme (PLS)? 

It is actually a long tenancy or leasing, where a buyer pays the entire property sales price upfront. It should be noted that homebuyers do not have any proprietary rights on leases.
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Leasehold properties and Private Lease Scheme properties are similar yet hold key differences.
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[Radagask]

99-year leasehold properties in Malaysia remain a popular choice, offering affordability and strategic locations, especially in urban centers like Kuala Lumpur. While some buyers prioritize freehold ownership, leasehold properties often provide modern amenities and well-planned communities. The Vividz is an example of a newly built residential development catering to homebuyers seeking contemporary living in the city. With proper research and understanding of lease terms, investing in a leasehold property can be a valuable long-term decision.

[moonrab]

You don't buy 99 lease from a private company. That is a obsolete dangerous investment. No security in such longterm contract. 

When you want to rent a house from a private owner, you don't pay full rental in advance for 99 years. It is ridiculous. 

That is different from buying a 99 years leasehold property from a nation Government.

[WhatDoYouThink!]

Are there pls properties here?

[p1acebo]

Are there pls properties here?

HDB?

Except ish chenghu creation 

[WhatDoYouThink!]

HDB?

Except ish chenghu creation 

Private properties?

[p1acebo]

Private properties?

Yes like the Shore Residences a 103 yr lease hold property now seating on actually freehold land, but the lease for buyers is LH (which was formerly then the freehold site Rose Gardens enbloc in 2007).

[moonrab]

Are there pls properties here?

Nobody pays up 99 years rental in advance, to a Private Company in Singapore...🤣

[Bigbluedot]

When the lease left 39 years, then they will worry.

[Gstalk]

When you want to rent a house from a private owner, you don't pay full rental in advance for 99 years. It is ridiculous. 

It is like buying a leasehold HDB and paying in full. At the end of the lease, the value of your property becomes ZERO. Except that you can sell your HDB to certain qualified residents before 60 years old.

[moonrab]

It is like buying a leasehold HDB and paying in full. At the end of the lease, the value of your property becomes ZERO. Except that you can sell your HDB to certain qualified residents before 60 years old.

Well not exactly true though.

In business, you want excellent security for capital paid upfront. 
In a country, Government asset or state asset is the best security one can get for high value investment.

HDB is not any private company developer. If HDB goes bankrupt, Singapore as a country will be gone. That's a high security threshold for Singaporean or PRs to invest in an HDB flat.

But a private developer, especially in Malaysia, the reputation of busted is not uncommon. Not to think about lasting for 99 years..🙄

It is a world of difference between HDB and Private developer. Why people still don't know? Strange..🤔

[moonrab]

What is a leasehold property?

When the State sells off a piece of land to an individual for a certain period of time not exceeding 999 years, the land is said to have a leasehold title. Leasehold properties/land typically have a lease tenure of 30, 60, 99 or up to a maximum of 999 years. 

On the other hand, an owner of a freehold property/land will own the asset in perpetuity.

Once the leasehold period expires, the land goes back to the State authority unless the property owner opts to renew the lease beforehand. When purchasing a subsale leasehold property, you will take over the existing lease held by the previous owner


What is the Private Lease Scheme (PLS)?

The Private Lease Scheme (PLS) is a contractual arrangement used in Malaysia, granting buyers the right to use a property for a fixed term—often 99 years—without transferring the title to the buyer.

Key features include:

No Ownership Transfer: Buyers lease the property but do not gain ownership of the title.

Developer Retains Control: The developer keeps the property title, maintaining significant influence over the lease terms.

Unclear Renewal Terms: Terms for extending the lease after 99 years are often vague or left to the discretion of the developer.

[moonrab]

Are there pls properties here?

The closest in Singapore is the FLEXI Unit 30 to 40 years lease from HDB.
Whereby small cheap unit at $100k plus is offer to age 55 years old Singaporean to retire with a home. 

Cannot rent or sell, balance payments return to buyer nominee upon pass away.

It is not selling as a 99 years leasehold flat. All term and conditions stated upfront.
Unlike the shady JB Private Lease Scheme property marketing. Out to fool Singaporean 🤣