Media
statement by Rajiv Rishyakaran, State Assemblyman for Bukit Gasing on Friday,
25th July 2014
RM1000 leasehold
renewal program remains for residential properties
The allegations by MCA that the move by the Land Office to
charge between RM300,000 and RM500,000 to renew leasehold properties could
leave the elderly homeless is completely misleading1.
There is no question of the elderly being made homeless as
all residential properties are eligible for the RM1000 renewal scheme. There
are many concerned inquiries if it now cost RM500k to renew an expiring lease
following recent news articles2. I wish to clarify that for
residential properties, the RM1000 renewal scheme still exist and is still
applicable.
However, from the start of this scheme, it was only for
residential purposes, and not for commercial or industrial land3.
The name of the scheme, Private Residential Ownership Scheme also strongly
implies that.
There are many residential properties in PJ Old Town that
have converted into commercial premises over the last few decades. These are
the premises that have been rejected from the RM1000 renewal scheme. These
properties would have to renew their lease as commercial lands.
The Selangor Land Rules 2003 is the law that spells out the
formula for calculating the price of the leasehold renewal for commecial and
industrial lands, of which it has not changed in recent times.
