SG Talk

Full Version: Sharing : 99 years PLS properties in Malaysia
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First time came across this!

Can those who know share more info?
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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