[sgbuffett]

[sgbuffett]

Wow based on discussion in Lowyat Malaysian forum there so many of these projects targettinv Singaporeans

https://forum.lowyat.net/topic/5501350/all

[sgbuffett]

The developed involve in the lawsuit is given below called Distinctive Resources which spld many condos to Singaporeans all kena PLS

The case is as follows: IIB granted a lease over the land in Johor state’s Iskandar Malaysia region for a term of 99 years starting on June 26, 2013, to its wholly-owned subsidiary, Medini Land. It also has a 30-year extension ending June 25, 2142. Medini Land then sold this lease with a right to develop the land to Distinctive Resources, the developer. IIB also owned 20% of the shares in developer Distinctive Resources up until Dec 18, 2013, through Medini Land.

Through a joint venture between IIB and Distinctive Resources, the property in question, Iskandar Residences, was developed.

Between 2013 and 2014, the 63 plaintiffs entered into respective SPAs with IIB and developer Distinctive Resources. The property in the SPA at that time was referred to as a “lease”

[moonrab]

People will buy because there is no choice.
All of us also dont like 99yr leasehold. But people still buy because 70% of the total housing supply is leasehold.

If conver mt 70% supply now to leaee jnsgead of leasehold prices will drop but demand will be just as high. People will biy kne time and stay forever due restrictions on selling and renting

PAP will lose the election immediately after implemented PLS for all HDB BTO..🤣

Maybe the Opposition party MP can bring up PLS in our parliament. See how is the response 🤭

PLS is only a rental contract, not ownership. No resale and rental value.
It is the simple hard truth. 🤭

[moonrab]

The developed involve in the lawsuit is given below called  Distinctive Resources which spld many condos to Singaporeans all kena PLS

Iskandar Project la..
Many kanna, princess cove developer is a Chinese company. Sure gone case 😉

[moonrab]

Sounds like another form of Clob Scheme..haiz..😑

[Niubee]

Sporns Kenna ice cream soda again

[Bluebull]

Any foreigner is allowed to stay in Malaysia for maximum 90 days per year
If he wants to stay longer, he needs to reapply first for permission giving valid reasons like work commitments
So if you buy a condo for retirement
You can only stay for three months a year
What happen after that ?
Dumb

I think many Singaporeans find out about PLS when they tried to rent out
Or they tried to sell after property prices have gone up 30% the past 2 years
But then they learned they have to go through the owners
Dumb

[ArielCasper]

If buy to stay, then no diff... Buy to invest in boleh land?? These people never experience or heard of CLOB saga..

Can just chong gong your $$..