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Showing posts with label Land in Sabah. Show all posts
Showing posts with label Land in Sabah. Show all posts

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Happy New Year 2011 !

Good news for properties owners whose land leases may be expiring soon!

The Sabah State government has reduced the premium on lease renewal. The additional premiums for extension of land leases on houses has been lowered by 80 per cent and that for commercial and industrial properties by 45 per cent.

According to the report in the Daily Express (published on 30 December 2010), the Land office has used the new premium rate beginning this year (2010). But the formula use to calculate the premium was not made public. (Anyone who has any knowledge on this may share his / her view in the comment section)

You may want to read my earlier posts on this subject

Here is the full report as published in the Daily Express on 30 December 2010...

45-80pc discount on renewals

Kota Kinabalu: Good news for owners of both residential and commercial-cum-industrial properties in the State whose land leases may be expiring soon.

The additional premiums for extension of land leases on houses has been lowered by 80 per cent.

And that for commercial and industrial properties by 45 per cent.

Chief Minister Datuk Seri Musa Aman said the Land and Survey Department here used the new premium rate beginning this year.

"Such low premium rate for renewing extension of land leases for homes proves the State Government is dedicated and committed to realsising the people's needs to own their houses for a longer period.

We want also to make sure the new premium rate will not burden the houseowners but accommodate them to posses their homes when their land leases are almost expiring," he said.

Read the full text here Show/Hide




Source : Daily Express
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Have you checked the unexpired lease period of your property?
Do you know that a property with a shorter unexpired lease period normally fetches a lower value as banks do not normally offer financing.In addition, if you were to renew the lease the premium may become unaffordable (for many)!

Please refer to my earlier post on the same subject : Premiums on renewal of leases

Image source : http://www.dailymail.co.uk/news/article-1330976/Cheerleaders-bikinis-blamed-putting-team-Asian-Games.html
As I was reading the news in the Daily Express (one of my favourite online news portals) I found an interesting article related to the issue of land lease renewal premium which I would like to share with...

here it goes...
Kolombong landowners worried premium may be excessive: SAPP

Kota Kinabalu: Sabah Progressive Party (SAPP) said landowners at the Kolombong area are worried that the State Government will charge excessive premium for extension of their title deeds.

Former SAPP Treasurer-General, Datuk Wong Yit Ming, pointed out that the BN Government had promised to extend their title deeds and that the premium would be so affordable that every landowner will be able to pay for it.

According to the landowners most of the title leases in Kolombong area will expire in the next 10 years.

At the moment, most of the banks or financial institutions refuse to give loans to the landowners unless they can extend their title lease to another 30 years.

Wong also said that when some of the landowners approached the Natural Resource Office in the Chief Minister's Department to renew their lease titles for another 60 years, they were told that the premium required for the extension of lease title is very much higher than the amount promised.

"Some of the landowners cannot even afford to pay for the premium requirement.

They all feel cheated and upset that the BN Government cannot fulfil their promises.

"SAPP calls on the State Government to speed up the renewal of Kolombong land titles seriously and the State Government to be fair in charging premium in order to help the landowners extend their title deeds," he said.
Source : Daily Express, Published on: Tuesday, November 23, 2010

Other related news you may want to read (all from the Daily Express online news):
1. Land lease extension issue for discussion with Dept
2. Rate set to renew lease too high: DAP
3. Sari denies higher premium for Kolombong land
4. Kolombong land lease extended to 99 years
5. Widow's 18-year futile wait to renew land lease

Have you read my earlier post on the same topic? Here is the link Premiums on renewal of leases

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I received a request sent through the Bravenet Email Form Processing from one Mr. Ting who was Looking for warehouse or land (10,000 SF above) around inanam area and likas road. Priorty is roadside, 2nd lot can do, provided road access.

If anyone of you who happens to land on this page / has such information, please call Mr. Ting at 013-8181777

Image source : Yahoo Sports (Timothy A. Clary/AFP Photo)
Congrats to Rafael Nadal for winning the US Open and achieving the Career Grand Slam and Career Golden Slam!

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Hi readers :)

Do you know that for a property with a lease period of 99 years or shorter, you do not really "own" that property as you are merely renting it from the government for a specified period.

Have you checked the unexpired lease period of your property?
Do you know that a property with a shorter unexpired lease period normally fetches a lower value as banks do not normally offer financing.

If it is expiring soon, have you calculated the premium payable to the Land Office? Do you know how to calculate the premium payable?
for Sabah I guess it is something like ...

0.5%  x  the Market Value of the property(ie. land)  x  the number of years you want to renew the lease

(if you happen to know the correct formula, do share, thanks)
eg. say the market value of the land is RM500K, and you want to renew the lease for another 60 years...so the premium payable is 0.5 % x RM500K x 60 years = RM150K. Quite expensive huh!

Please remember do not spend too much on a building that sits on a land with an expiring lease period (unless you are filthy rich and don't bother). Why? the property will be transferred to the Land office / government upon the lease period expires... so think about it

Do you know that Sarawak government fixes the premiums on renewal of leases effective 15 May 2010. So what is new over there ?


For residential properties. the new rates are RM1,000 for a terrace house, RM3,000 (semi-detached) and RM6,000 (detached).

For shophouses, the rates are RM40,000 per unit in Kuching, Sibu, Miri and Bintulu; RM20,000 for Sarikei, Sri Aman, Kapit, Limbang, Mukah, Betong and Samarahan, and for rural towns of Lundu, Asajaya, Niah, Marudi and the likes, RM10,000 per unit.

Note that the new policy will cover renewals for 60 years.

Read all about it here
Sarawak govt fixes premiums on renewal of leases
Show/Hide

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(1) NT 1.73 acres at Bantayan, Inanam for urgent sale. Located behind BDC, by roadside / road accessible, commercial area. Asking for RM1.3 Million. Call 019 - 800 7021 / 016 - 811 0869
(2) NT 1.47 acres for quick sale. Located near to Taman Khidmat, Bukit Padang, Kota Kinabalu. Condition of Land : Flat. Road access. Surroundings are bungalows. Selling price : RM27 per square feet. Call 012 - 802 6678

Source : DE, 08122009

Related posts : What You Need to Know About Buying Sabah Native Title Lands

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CL land with 999 lease period. Located in Menggatal, Kota Kinabalu, Sabah. Land area : 38 acres. With access road, water and electricity. Selling at RM178,000.00 per acre.
Call 016 - 812 8899 (No broker)

Source : DE, 04122009

Related posts : Land for sale

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Image source : www.sabahtourism.com

It has been found that the natives of Sabah tend to sell land, which is only a land application status, or by using the power of attorney letter in a transaction involving more than one buyer.
Such cases have caused problem and losses to the State Government be it in the form of wastage of manpower, time or cost...
...Datuk Nasrun Mansur, Assistant Minister to the Chief Minister


In a move to stop the sales of NT lands that is still under Land Application status, an amendment to the Sabah Land Ordinance was passed on 19 November 2009 that will enable the State Government to issue a communal native title for any State land.

With this amendment, it would not be easy for the natives to sell the land given to them by the Government unless the land is subdivided, which must first have approval from the Land Revenue Collector as provided for under Section 77 of the Land Ordinance (Cap 68). Besides that, it would also expedite the process of awarding land to natives.


You may want to know...
Definition of Sabah Native
What You Need to Know About Buying Sabah Native Title Lands

Read the full report...
Stopping sales of NT lands Show/Hide

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Image source : wheatley.co.uk
I received an email through the contact form submitted from one Mr. Oliver Mauss.

He is looking for a 2 hectare piece of land, industrial space, unused factory, or parking lot, etc near the port of Lahad Datu, Sabah. He is currently looking into POIC, but do not want to pay the premium of that development. Lease period is 2-3 years.

Owner or agent are welcome to assist Mr. Mauss.

Mr. Mauss can be contacted at +8190 9855 6827 or you may email him at omauss@gmail.com


A bit about POIC
What is POIC ?
POIC stands for Palm Oil Industrial Cluster.
The Sabah State Government set up POIC Sabah Sdn Bhd to spearhead palm oil downstream processing so as to add value to its 1.4 million hectares of oil palm plantations, to create jobs and business opportunities.

POIC Sabah Sdn Bhd is developing the palm oil industrial cluster in Lahad Datu (or POIC Lahad Datu), in south eastern Sabah. It began with about 500 acres in 2005 and will cover more than 3,000 acres when it is fully developed.

Aside from investments directly linked to palm oil, the POIC Lahad Datu also offers opportunities to a wide range of supporting industries needed for a sector which contributed RM4 billion in state revenue and employs 130,000.

For more info, visit POIC Sabah 


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RM16 million (USD4.57 mil). Undeveloped land (Country Lease) in the heart of Lahad Datu Town (the Palm Oil Capital of Malaysia). Land area is 8.27 Acres (about 3.35 Hectares) and lease period is 99 years.

For info please read the earlier post here ~ Lahad Datu CL Land for Sale

Interested ? Call 

Land for Sale

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RM16.3 million. One of the last piece of undeveloped land (Country Lease) in the heart of Lahad Datu Town (the Palm Oil Capital of Malaysia). Land area is 8.27 Acres (about 3.35 Hectares) and lease period is 99 years.

For further info please read the earlier post here ~ Lahad Datu CL Land for Sale

Interested ? Please call

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View of bungalow lots at Sutera Harbour Resort, Kota Kinabalu, Sabah.



Photo source : kkproperty.ahyer.com

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4 acres of Sabah NT Commercial Land with approved Development Plan for the construction of 42 units of 3-storey Shophouses is up for sale . The land is located by the road side of Jalan Penampang highway next to Taman Starland, Penampang.
Call 016 - 812 8899 ~ No Broker




View Larger Map


Source : DE, 29092009

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CL 999 years. Area : 2.381 acres. Best for housing development at Taman Bukit Saujana, Jalan Iramanis, Off Jalan Lintas, Kota Kinabalu. Genuine Buyers are welcome.
Call 010 - 345 5091


Source : Daily Express, Thursday, 10 September 2009

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Land area : 36.9 acres. Leasehold ~ 999 years. Near Taman Malakun (Located at Kampung Kuai, Jalan Ramayah Putatan, Penampang). With sealed access road, water and electricity. Selling RM270K per acre. i.e. RM9.96Mil
Call 016 - 812 8899 ~ No Broker


Source : Daily Express, Tuesday, 8 September 2009

Location map - Source : Malakun Holdings

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We are looking for Land around 10 to 13 acres located around Putatan - Lok Kawi areas for development purposes, urgently.

Owners, please contact Anne at 014 - 570 7898

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Sabah Native Title land. 6 acres. Undulating. With Mount Kinabalu view. Road, water and electricity accessible. Asking RM80K per acre.
Call owner at 016 - 880 0990 ~ No Broker please!


Source : Daily Express, Friday, 4 September 2009


Thinking of buying Sabah Native Title (NT) lands ?
Please read this article "What You Need to Know About Buying Sabah Native Title Lands"

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One of the last piece of undeveloped land (Country Lease) in the heart of Lahad Datu Town (the Palm Oil Capital of Malaysia) is up for sale at RM16.8 Million. The land area is 8.27 Acres (about 3.35 Hectares) and the lease period is 99 years.

The subject land is located at Mile 3, Silam Road and surrounded by Bandar Sri Perdana, Lahad Datu's premier development and the single largest mixed development covering approximately 250 acres of prime land and just a few minutes from town and the airport.



(Click on the image for better view)



















    Location map : The subject land is marked with a green arrow View Larger Map

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Land area 5.53 acres. Located at Jalan Kibabaig, Penampang. Genuine Buyers only! No Brokers.
Call 010 - 345 5091


Source : Daily Express, Wednesday, 2 September 2009

Note : No Asking price given. I think it's good to let people know how much you are asking for your property. It saves your time answering calls.

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(1) Vacant CL Land. Road frontage. Located in Kampung Salut Malawa, Jalan Sepanggar, Sepanggar, Kota Kinabalu. Land Size : 2.57 Acres (1.04 Hectares).

(2) CL Land. Road frontage. Located at KM 8 Jalan Lahad Datu - Sandakan, Segama Locality. Land Size : 7.323 Acres (2.96 Hectares).
Call K.H. Yee at 012 - 262 3282


Source : Daily Express, Monday, 31 August 2009

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Land area :12,500 SF; 75' x 167'. Opposite KDCA, behind Shim Rottan. Suitable for storage. Next to main road.
Call 019 - 853 5353 / 088 - 726 199 / 019 - 813 1199


Source : Daily Express, Saturday, 29 August 2009

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