[Levin]

they can sell off the landed and enjoy the windfall of at least few millions $$$.

If their landed property is freehold or 999-year lease then possible. I have a friend who has 2 landed properties with 99-year leases. Now only 30+ years remaining so it makes more sense to rent them out than sell them. The rent is not affected by the length of the remaining lease while the selling price is.